Ross Corporation makes all sales on account. The June 30th balance sheet balance in its accounts receivable is $340,000, of which $210,000 pertain to sales that were made during June. Budgeted sales for July are $1,190,000. Ross collects 65% of sales in the month of sale; 15% in the following month; and the final 20% in the second month after the sale. What is the budgeted balance of Ross's accounts receivable as of July 31? Multiple Choice $935,000 $983,500 $831,000 $536,500