Kingston budgets total sales for June and July of $510,000 and $338,000, respectively. Cash sales are 65% 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. As of July 31 Amount Uncollected Sales month Total Sales Credit Sales Percent Uncollected June $510,000 July 338,000 Total