Acme Company's budgeted monthly sales are as follows: September $617,000, October $892,000, November $750,000, and December $710,000. Sales are collected 15% in the month of sale, 65% in the month following the sale, and the remaining 20% in the second month following the sale. What is the budgeted accounts receivable balance on December 31 ? $607.500 $680.500 $716,500 $753,500 None of the above