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 $370,000, of which $240,000 pertain to sales that were made during June. Budgeted sales for July are $1,220,000. Ross collects 60% of sales in the month of sale; 15% in the following month; and the final 25% in the second month after the sale. What is the budgeted balance of Ross's accounts receivable as of July 31? Multiple Choice $800,500 $898,000 $972,000