Kingston budgets total sales for June and July of $320.000 and $448,000, respectively. Cash sales are 60% of total sales. Of the credit sales, 20% are collected in the month of sale, 60% 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. Salas month Total Sales Credit Sales As of July 31 Percent Amount Uncollected Uncollected $ June July Total 320,000 448.000