A Company reports all its sales on credit, and pays operating costs in the month incurred. Amounts for 2020 are:

March April May June July

Budgeted sales $300000. $289600. $320100. $280200. $210100

Budgeted purchases. $144700. 120200. $128900. $132400. $89100

Customer amounts on account are collected 65% in the month of sale and 35% in the following month.

Cost of goods sold is 70% of sales.

Company purchases and pays for merchandise 30% in the month of acquisition and 70% in the following month.

Operating expenses are: Salaries, $50100; Depreciation, $12500; Rent, $14000; and Utilities, $13500.

Accounts payable is used only for inventory acquisitions.

How much is company's May 31, 2020 budgeted Accounts Receivable?

$320100

$112035

$208065

$309425