Required information (The following information applies to the questions displayed below.) Ross Corporation makes all sales on account. The June 30th balance sheet balance in its accounts receivable is $360,000, of which $220,000 pertain to sales that were made during June. Budgeted sales for July are $1,210,000. Ross collects 75% of sales in the month of sale: 10% in the following month; and the final 15% in the second month after the sale, What are Ross's budgeted collections for July? Required information The following information applies to the questions displayed below.) Ross Corporation makes all sales on account. The June 30th balance sheet balance in its accounts receivable is $360,000, of which $220,000 pertain to sales that were made during June. Budgeted sales for July are $1,210,000. Ross collects 75% of sales in the month of sale: 10% in the following month; and the final 15% in the second month after the sale. What is the budgeted balance of Ross's accounts receivable as of July 31