Following are the data for Muadz Enterprise in term of their credit sale for the month of;

April $168,000

May $176,000

June $186,000

July $164,000

August $165,000 Credit sales are normally settled according to the following pattern:

60 percent in the month following sale

35 percent in the second month following sale

5 percent of accounts are never settled Calculate the receipts from accounts receivable for July 2020?

Select one:

$164,400

$163,500

$173,200

$210,080