Clearwater Marine has a 45 day accounts receivable period. The estimated quarterly sales for this year, starting with the first quarter, are $6,500, $7,000, $8,000, and $6,500, respectively. What is the accounts receivable balance at the beginning of the fourth quarter? Assume a year has 360 days.

		$3,400
		$4,000
		$6,950
		$7,100
		$7,650