Carruthers Company expects the following total sales: Month Sales March $29,000 April $19,000 May $25,000 June $24,000 The company expects 70% of its sales to be credit sales and 30% for cash. Credit sales are collected as follows: 25% in the month of sale, 67% in the month following the sale with the remainder being uncollectible and written off in the month following the sale. The budgeted accounts receivable balance on May 31 is: $22,320. $18,750. $13,125. $11,725