Submit Required information The following information applies to the questions displayed below. Ross Corporation makes all sales on account. The June 30th balance sheet balance in its accounts receivable is $320,000, of which $240.000 pertain to sales that were made during June. Budgeted sales for July are $170,000. 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. What is the budgeted balance of Ross's accounts receivable as of July 317 01:31:26 Multiple Choice 0 $431,000 0 $1,059,000 0 O $947,000 0 $875,000