Compton Company expects the following total sales: Month March April May June Sales $32,000 $22,000 $16,000 $27,000 The company expects 60% of its sales to be credit sales and 40% for cash. Credit sales are collected as follows: 30% in the month of sale, 70% in the month following the sale. The budgeted accounts receivable balance on May 31 is: Multiple Choice o $7,000. O $6,720. $12,000. $22,170