Kingston budgets total sales for June and July of $$340,000$ and $$308,000,$ respectively. Cash sales are $60\%$ of total sales. Of the

credit sales, $15\%$ are collected in the month of sale, $65\%$ are collected during the first month after the sale, and the remaining $20\%$ are

collected in the second month after the sale. Determine the amount of accounts receivable reported on the company's budgeted

balance sheet as of July $31.$ Hint: Determine the percent of June and July sales that are uncollected at July $31.$

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