Saniya Corp. is preparing their budget for the second quarter and provides the following data: Apr $20,000 May $24,000 Jun $28,000 Budgeted purchases of direct materials Budgeted Cash Payments for Purchases of direct materials 60% of previous month purchases 40% of current month purchases Total cash payments Apr $6,000 8,000 $14,000 May $12,000 9,600 $21,600 Jun $14,400 11,200 $25,600 Assume that accounts payable pertains only to suppliers of direct materials inventory. Based on the above data, the amount of Accounts Payable that should be shown in the budgeted balance sheet as of June 30 is A. $25,600 B. $14,400 C. $16,800 OD. $11,200 Kuzma Foods, Inc. has budgeted sales for June and July at $690,000 and $750,000, respectively. Sales are 90% credit, of which 60% is collected in the month of sale and 40% is collected in the following month. What is the budgeted Accounts Receivable balance on July 31? A. $248,400 B. $300,000 C. $270,000 D. $675,000