Kingston budgets total sales for June and July of $500,000 and $298,000, respectively. Cash sales are 70% of fotal sales. Of the cedit sales, 20% are collected in the month of sale, 70% are collected during the first monthoffer the sale, and the temaining 10% are collected in the second month after the sale. Determine the amount of accoints recelvable reported on the compary's budgeted balince sheet as of July at. Hint Determine the percent of June and July sales that are uncollected at July 3t