PTA Corporation budgeted its sales for the next seven months as follows: May June July August September October November Budgeted sales $391,080 $476,000 $424,888 $519,800 $463,080 $378,680 $527,080 10% of the company's sales are cash sales and 90% of the company's sales are made on account. On average, 24% of the sales on account are collected in the month of sale, 16% is collected in the month following sale, 43% is collected in the second month following sale, and the remaining 17% is collected three months after the month of sale. The budgeted accounts receivable balance at October 31 would be equal to