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Bramble, Inc. reports all its sales on credit, and pays operating costs in the month incurred. Amounts for 2022 are: July March April May June

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Bramble, Inc. reports all its sales on credit, and pays operating costs in the month incurred. Amounts for 2022 are: July March April May June Budgeted sales $300000 $289600 $320100 $280200 $210100 Budgeted purchases $144700 $120200 $128900 $132400 $89100 . Customer amounts on account are collected 65% in the month of sale and 35% in the following month. . Cost of goods sold is 70% of sales. . Bramble purchases and pays for merchandise 30% in the month of acquisition and 70% in the following month. . Operating expenses are: Salaries, $50100; Depreciation, $12500; Rent, $14000; and Utilities, $13500. . Accounts payable is used only for inventory acquisitions. How much is Bramble's May 31, 2022 budgeted Accounts Receivable? $320100 $112035 $309425 $208065

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