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XYZ has the following financial information: Year 1 Revenue: $400.000 Year 1 Accounts Receivable: $60.000 If Year 2 sales are expected to increase by 5% to $420,000, what is the proiected Accounts Receivable balance for Year 2 using the percent of sales forecasting method? $46,200 $50,400 $54,600 $58,800 563,000