QS 20-22 (Algo) Computing budgeted accounts receivable LO P2 Kingston budgets total sales for June and July of $470,000 and $468,000, respectively. Cash sales are 6096 of total sales, Or the credit soles, 25% are collected in the month of sale, 65% are collected during the first month afler the sale, and the remaining 10%. are coilected in the second month after the sale. Determine the amount of accounts recelvable reported on the company's budgeled bolance sheet as of July 31. Hint: Determine the percent of June and July sales that are uncollected at July 31