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

	Cash Sales	Credit Sales
January	$90,000	$190,000
February	$95,000	$210,000
March	$52,000	$170,000
April	$57,000	$152,000
May	$67,000	$240,000
June	$120,000	$420,000

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:

50% in month of sales

25% in month of following sales

25% in second month following sales

The accounts receivable balance on January 1 is $82,000. Of this amount, $46,000 represents uncollected December sales and $36,000 represents uncollected November sales.

What is the budgeted accounts receivable balance on May 30?