Carruthers Company expects the following total sales:

Month	Sales
March	$	21,000
April	$	11,000
May	$	33,000
June	$	16,000

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, 69% in the month following the sale with the remainder being uncollectible and written off. The budgeted accounts receivable balance on May 31 is:

$15,240.

$24,750.

$17,325.

$15,925.