Compton Company expects the following total sales: Month March Sales $39,000 $29,000 $23,000 $34,000 April May June 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 $17,250 $12,075 $31,700 $10,675