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 $54,000 and $72,000 respectively. The company expects to collect 60% of its credit sales in the month of the sale and the remaining 40% in the following month. What amount of accou receivable would the company report in its balance sheet at the end of the second month? Multiple Choice $24,000 $64,800 $28,800 $32.400