Richards Corporation had the following budgeted sales for the first half of next year:

Richards Corporation had the following budgeted sales for the first half of next year: Cash Sales Credit Sales January $50.000 $150.000 February $55.000 $170.000 March $39.000 $130,000 April $44,000 $139.000 May $54,000 $200,000 June $80.000 $290,000 The company Is In the process of preparing a cash budget and must determine the expected cash collections by month. To this end, the following information has been assembled: Collections on credit sales: 40% In month of sales 30% In month of following sales 30% In second month following sales The accounts receivable balance on January 1 is $69,000. Of this amount. $54,000 represents uncollected December sales and $15.000 represents uncollected November sales. What Is the budgeted accounts receivable balance on May 30? Q $161,700 Q $215,700 Q $54.000 Q $120,000