Concord, Inc. reports all its sales on credit, and pays operating costs in the month incurred. Amounts for 2020 are:

March April May June July

Budgeted sales$299900 $289500 $320400 $279600 $209400

Budgeted purchases $144100 $120200 $128600 $131400 $89000

Customer amounts on account are collected 75% in the month of sale and 25% in the following month.Cost of goods sold is 70% of sales.Concord purchases and pays for merchandise 30% in the month of acquisition and 70% in the following month.Operating expenses are: Salaries, $49400; Depreciation, $12900; Rent, $15500; and Utilities, $14800.Accounts payable is used only for inventory acquisitions.

How much is Concord' May 31, 2020 budgeted Accounts Receivable?