Required informotion IES 730 inc is a retalke its accountants ale preparing the company's 2 ad quatles masler budget. The company has the folkowing balance sheet as of March 31 TES 730 accoundants hwe made the folowing estimales 1. Sales for Apell May, June, and Juty will be \\( \\$ 350000 \\$ 370000 \\$ 360000 \\), and \\( \\$ 380000 \\) respectivety. 2 All sakes are on credit Each monitis credil sakes are collected \35 in the momith of sale and \65 in the month folowing the sake. At of the accounts receivable at Match 31 will be colocied in Apil 3. Each moniti's ending imentory must equal \30 of next month's cost of goods soki. The cost of goods sokd is \70 of sales. The company pays lor \40 of its. merchandise puichases in the month of the puichare and the remaning \60 is the monit following the puchase All of the accounts payable at March 31 are Nultiple Choice \\( \\$ 234,000 \\) \\( \\$ 366,500 \\) \\( \\$ 240,500 \\) \\( \\$ 126,000 \\) 1. Sales for Apit, May, June, and July will be \\( \\$ 350,000 \\$ 370,000, \\$ 360,000 \\) and \\( \\$ 380000 \\), respectively. 2. Al sales are on credit Each month's ciedil saks are colecled \35 in the month of sale and \65 in the month following the sale. All of the accounts receivable Maich 31 will be collecled in Apeit 3. Each month's ending inventory must equal \30 of next month's cost of goods sold. The cost of gocads sold is \70 of saier. The company pays for \40 of ifs merchandise purchases in the month of the parchase and the remaining \60 in the month following the purchase. All of the accounts payable at March 31 are rebled to prevous merchandise parchases and will be paid in Apait 4. Monthly selling and administrative expenses are always \\( \\$ 46,000 \\) Each month \\( \\$ 7,000 \\) of this total amount is depreciation expense and the remaining \\( \\$ 39,000 \\) is spent for expenses that are paid in the month they are incurred. 5. The company will not botrow money of pay of declare dividends during the 2nd quater. The company will not issue any common stock or repurchase if own stock during the 2 nd quatlet. How much is the company's expected Accounts Receivable balance on June 30 ? vuible choice \\( \\$ 234,000 \\) \\( \\$ 356,500 \\)