Company A has compiled the following budgeted data for the second quarter: Sales Budget April May June Cash sales $32,000 $36,000 $42,000 Credit sales 40,000 50,000 54,000 Budgeted Cash Collections April May June Cash sales collected in month $32,000 $36,000 $42,000 of sale Credit sales - 20% collected in 8.000 10,000 10,800 the month of sale Credit sales - 80% collected in the first month following the 29,000 32,000 40,000 month of sale For the budgeted balance sheet on June 30, what amount should be shown for Accounts Receivable