Lighthouse Company anticipates total sales for June and July of $330,000 and $478,000, respectively. Cash sales are normally 70% 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. Determine the amount of accounts receivable reported on the company's budgeted balance sheet as of July 31 As of July 31 Percent Still Amount Sales month Total Sales Credit Sales Uncollected Uncollected June July Tota 330,000 478,000