Evans Company's cash sales are normally 60% of total sales. Anticipated sales for April and May are $588,000 and $550,000 respectively of the credit sales.10% are collected in the same month as the sale, 70% are collected during the first month after the sale, and the remaining 20% are collected in the second month. Determine the accounts receivable balance that should be reported on Evan's budgeted balance sheet as of May 31.