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 $55,000 and $60,000, respectively. The company expects to collect 30% of its credit sales in the month of the sale and the remaining 70% In the following month. What amount of accounts recevable would the company report In its balance sheet at the end of the second month? Multiple Choice d $56,500 O $21,000 o $42.000 $16.500