Audrey has forecast sales to be $213,000 in February, 278,000 in March, $298.000 in April, and $318,000 in May. The average cost of goods sold is 60% of sales All sales are made on credit and sales are collected 50% in the month of sale, 30% the month following and the remainder two months after the sale. What is the budgeted Accounts Receivable balance on May 31? Multiple Choice $218,600 $131200 O $159.00 5191000