9.Assume a company is preparing a budget for its first two months of operations. During the first and second months it expects credit sales of $51,000 and $64,000, respectively. The company expects to collect 30% of its credit sales in the month of the sale and the remaining 70% in the following month. What amount of accounts receivable would the company report in its balance sheet at the end of the second month?

Multiple Choice

$54,900

$21,000

$44,800

$15,300