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Saved Help Save & Exit Submi Orchard has forecast sales to be $129,000 in February, $139,000 in March, $154,000 in April, and $144,000 in May.

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Saved Help Save & Exit Submi Orchard has forecast sales to be $129,000 in February, $139,000 in March, $154,000 in April, and $144,000 in May. The average cost of goods sold is 70% of sales. All sales are made on credit and sales are collected 70% in the month of sale, and 30% the month following. What is the budgeted Accounts Receivable balance on May 31? Multiple Choice O $85.200 $43.200 $46.000 $71.200

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