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 $62.000 and $68.000, 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 accounts receivable would the company report in its balance sheet at the end of the second month? Multiple Choice $32.200 $24.000 $6.00 5 $27.200