Meegan manufacturing has the following budgeted sales data: January February March April Cash Sales $70,000 $90,000 $80,000 $70,000 Credit Sales $400,000 $350,000 $300,000 $320,000 The regular pattern of collection of credit sales is 31% in the month of sale, 50% in the month following sale, and the remainder in the second month following the month of sale The budgeted accounts receivable balance on February 28 would be. Select one: a $317,500.00 b. $512,500.00 e c. $375,000.00 d. $448,500.00