Memphis Company anticipates total sales for Apr May, and June of $920,000, 51,020,000 and $1070,000 respectively. Cash sales are normally 30% of total sales. Of the credit sales, 30% are collected in the same month as the sale, 65% are collected during the first month after the sale, and the remaining 5% are collected in the second month. Compute the amount of accounts receivable reported on the company's budgeted balance sheet for June 30 Multiple Choice $560,000 $1,009,800 $938.800 S524,300