Kennedy's has the following estimated quarterly sales for next year. Projected first quarter sales $11,400, second quarter $13,200, third quarter $15,800 & fourth quarter $12,700. The accounts receivable period is 70 days. What is the expected accounts receivable balance at the end of the second quarter? Assume each month has 30 days.

A. $4,400

B. $5,600

C. $10,267

D. $12,000

E. $13,200