Ross Corporation makes all sales on account. The June 30th balance sheet balance in its accounts receivable is $350,000, of which $240,000 pertain to sales that were made during June. Budgeted sales for July are $1,200,000. Ross collects 70% of sales in the month of sale; 20% in the following month; and the final 10% in the second month after the sale. 21. Required information What are Ross's budgeted collections for July? $998,000. $1,110,000. $1,080,000. $899,000.