Ross Corporation makes all sales on account. The June 30th balance sheet balance in its accounts receivable is $450,000, of which $240,000 pertain to sales that were made during June. Budgeted sales for July are $1,300,000. Ross collects 70% of sales in the month of sale: 10% in the following month, and the final 20% in the second month after the sale. Vhat are Ross's budgeted collections for July? Multiple Choice $976,000 $1,150,000 $1,200,000 Multiple Choice $976,000 $1,150,000 $1,200,000 $1,144,000