ABC Co. has an average collection period of 60 days for its accounts receivable. If total credit sales for the year were $4,300,000, what is the balance in accounts receivable at year-end? Assume a 360-day calendar year. (Do not round intermediate calculations. Round your answer to the nearest dollar amount.) Multiple Choice $2,580,000 o $716,667 $726.667 $4,300,000