MetaAssume a company is preparing a budget for its first two months of operations. During the first and second months it expects credit sales of $$55,000$ and $$60,000,$ respectively. The company expects to collect $30\%$ of its credit sales in the month of the sale and the remaining $70\%$ in the following month. What amount of accounts receivable would the company report in its balance sheet at the end of the second month?