Question 1 (8 marks) Budgeted sales for the second quarter of the current year are as follows: Budgeted Sales April $150,000 May 200,000 June 180,000 I The company collects 20 percent in the month of sale, 70 percent in the first month following the sale, and 10 percent in the second month following the sale. If the accounts receivable balance on April 1 is $125,000, what is the budgeted accounts receivable as of June 30