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 $60,000 and $60,000, respectively. The company expects to collect 35% of its credit sales in the month of the sale and the remaining 65% In the following month, What amount of accounts receivable would the company report in its balance sheet at the end of the second month? Multiple Choice $22,750 $21,000 $39,000 $60,000