Question $2(15$ points$)$

Foray Company's sales are all on credit. Payments on accounts receivable are $70\%$ in the month of sale and $28\%$ in the month following sale. $2\%$ are uncollectible. Budgeted sales for May are $$115,000,$ June are $$120,000.$ for Julv $$160,000,$ August are $$170,000$ and for September are $$140,000.$ Prepare a cash receipts budget for the third quarter $($July$,$ August and September$).$

What is the Net A$/$R balance on September $30$