QUESTION 7 The Brinkman Company has the following budgeted sales: April May June July Credit Sales $320,000 $300,000 $350,000 $400,000 Cash Sales $70,000 $80,000 $90,000 $70,000 The regular pattern of collection of credit sales is 30% in the month of sale, 60% in the month following the month of sale, and the remaining 10% in the second month following the month of sale. The budgeted accounts receivable on May 31, would be: a. $242,000 Ob.$212,000 c. $210,000 d. $180,000