Compton Company expects the following total sales:

Month		Sales
March	$	40,000
April	$	30,000
May	$	24,000
June	$	35,000

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

$32,010.

$18,000.

$11,200.

$12,600.