Memphis Company anticlpates total sales for April, May, and June of $800,000,$900,000, and $950,000 respectively. Cash sales are normally 25% 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 after the sale. Compute the amount of accounts recelvable reported on the company's budgeted balance sheet for June 30 . Multiple Choice 5617,500 $712.500 5532,500. $561,500