Bright Minds Toyr Company prepared the following sales budget for the second quarter. Projected sales for each of the rst three months of operations are as follows: Sales Budget April May June Cash Sales 95,999 51,999 59,999 Sales on Account 435,333 4631333 443,333 4?9,999 5171999 539,999 Bright Minds expects to collect 70% ofthe sales on account in the month of sale, 20% in the month following the sale, and the remainder in the second month following the sale. What is the ending accounts receivable balance that would be reported on the proforma balance sheet prepared as ofJune 30'? Multiple Choice 0 $173,000 $131,300 $93,400 0 0 $30 5,00 0 O