Memphis Company anticipates total sales for Aprii, May, and June of $820,000,$920,000, and $970,000 respectively, Cash sales are normally 25% of total sales. Of the credit sales, 40% are collected in the same month as the sale. 55% are collected during the first month ofter the sale, and the remaining 5% are collected in the second month after the sale. Compute the amount of accounts recelvable reported on the company's budgeted balance sheet for June 30. Multiple Choice $583,500 $844,250 $436,500 $471,000