Budget Drill #9 Typhanye Company budgeted its January sales to be 20,000 units of its interactive books. Because of an aggressive marketing campaign, lyphanye expects sales to increase by 10% each month. The selling price is $40 each. Based on past experience, all sales will be on account, 40% of the sales will be collected in the same month as the sale, 30% collected one month later and 30% are collected two months later. Assuming the month of January began with no account receivable balance, what is the budgeted account receivable balance for the end of February? o are