COVID 19 Co has forecast sales to be $126,000 in February, $144,000 in March, $152,000 in April, and $142,000 in May. The average cost of goods sold is 70% of sales. All sales are made on credit and sales are collected 60% in the month of sale, and 40% the month following. What is the budgeted Accounts Receivable balance on May 31? Select one: 0 a $59.600 O b. $98,800 O C. $84,800 d. $$6,800