Kingston anticipates total sales for June and July of $460,000 and $308,000, respectively. Cash sales are normally 60% of total sales. Of the credit sales, 25% are collected in the same month as the sale, 70% are collected during the first month after the sale, and the remaining 5% are collected in the second month after the sale. Determine the amount of accounts receivable reported on the companys budgeted balance sheet as of July 31.

			as of july 31
sales month	total sales	credit sales	percent uncollected	amount uncollected
june	460000
july	308000
total