Exercise 5-22 Oriole/Neff, Ltd. personalizes scrapbooks for customers, using their digital photographs. Each scrapbook sells for $45. Oriole/Neff collects cash at the time of sale from 30% of customers. Of the remaining sales, 64% are collected in the month of sale and 36% are collected in the month following the sale. The sales budget for the first six months of the year is as follows: January $126,800 February $113,900 March $112,200 April $113,300 May $119,600 June $132,800 Budgeted sales Prepare Oriole/Neff's cash receipts budget for the second quarter. (Round answers to 0 decimal places, e.g. 5,275. Enter answers in necessary fields only. Leave other fields blank. Do not enter 0.) Total Cash Receipts April 33990 May 35800 June 39840 Cash sales $ $ March sales 25850 25850 April sales May sales June sales Totals Calculate the accounts receivable balance at the end of second quarter. Accounts Receivable balance at the end of second quarter $