answer the question, what is the budgeted accounts recievable balance on may 3 1

The LaGrange Corporation had the following budgeted sales for the first half of the current year: January February March April May June Cash Sales Credit Sales $ 30,000 $ 130,000 $ 35,000 $ 150,00 $ 38,eee $ 110,000 $ 33,000 $ 118,000 $ 43, eee $ 180,000 $ 6e, eee $ 120,000 The company is in the process of preparing a cash budget and must determine the expected cash collections by month To this end the following information has been assembled: Collections on sales 50%, in month of sale 30% in month following sale 20% in second month following sale The accounts receivable balance on January 1 of the current year was 576,000, of which $58.000 represents uncollected December sales and 518,000 represents uncollected November sales What is the budgeted accounts receivable balance on May 31? Multiple Choice What is the budgeted accounts receivable balance on May 31? Multiple Choice O $90,000 $95,600 $113,600 $209,200