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 ?