Compton Company expects the following total sales:

Month	Sales
March	$	24,000
April	$	14,000
May	$	30,000
June	$	19,000

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

• $15,750.

• $15,870.

• $14,350.

• $22,500.