Compton Company expects the following total sales: Month March $23,000 April $13,000 May June Sales $31,000 $18,000 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, 75% in the month following the sale. The budgeted accounts receivable balance on May 31 is: Multiple Choice $14,875. $16,275. $14,580. $23,250