Budgeted sales for the month of April are shown in the following table: May June Sales Cash Sales Sales on Account April $1,400 $1,700 The company expects a 25% increase in sales per month for May and June. Also, the company expects to collect cash from receivables in the month following the month in which the receivables are established. The amount of accounts receivable appearing on the pro forma balance sheet would be Top of Form Multiple Choice $4,512.50. $11,818.75. $2,656.25. $6,481.25