HAM Company has budgeted sales for the next six months as follows:  Budgeted Sales March $224,000 April $209,000 May $276,000 June $231,000 July $198,000 August $243,000 20% of the company's sales are cash sales and 80% of the company's sales are made on account. On average, 36% of the sales on account are collected in the month of sale, 27% is collected in the month following sale, 22% is collected in the second month following sale, and the remaining 15% is collected three months after the month of sale. The budgeted accounts receivable balance at August 31 is equal to:

Group of answer choices

$232,326

$192,874

$263,430

$115,056

$235,128

$186,528

$210,744

none of the above choices are correct