Assume a company is preparing a budget for its first two months of operations. During the month of January and February it expects credit sales of $45,000 and $63,000, respectively. The company expects to collect 45% of its credit sales in the month of the sale and the remaining 55% in the following month. What is the budgeted accounts receivable balance at the end of February? Multiple Choice $53,100 $28.350 $34.650 $63,000 9