select choice answer

ine Labrange Corporation had the following budgeted sales for the first half of the current year January February March April May June Cash Sales Credit Sales $ 80,000 $ 180,000 $ 85,000 $ 200,000 $ 48,000 $ 160,000 $ 43,000 $ 128,000 $ 53,000 $ 230,000 $ 110,000 $ 220,000 The company is in the process of preparing a cash budget and must determine the expected cash collections by month. To this end, the following information has been assembled: Collections on sales: 50% in month of sale 40% in month following sale 10% in second month following sale The accounts receivable balance on January 1 of the current year was $75,000, of which $47000 represents uncollected December sales and $28.000 represents uncollected November sales What is the budgeted accounts receivable balance on May 31? Multiple Choice $115,000 The accounts receivable balance on January 1 of the current year was $75.000, of which $47.000 represents uncotected December sales and $28.000 represents uncollected November sales. What is the budgeted accounts receivable balance on May 31 Multiple Choice $115.000 $227600 $90.800 5127800