Jinx Company budgets its March sales at $70,000 and April sales at $80,000. It estimates that 60% of sales are made in cash and 40% are on credit. 70% of credit sales are collected in the month of sale and 30% are collected in the following month. Jinx also budgets its March inventory purchases at $40,000 and April inventory purchases at $35,000. It estimates that 30% of purchases will be paid during the current month, and 70% will be paid in the following month. On Jinx's budgeted Balance Sheet for the month of April, its Accounts Receivable balance will be: $22,400 $24,500 $9,600 $18,000