Taft Corporation collects cash from customers as follows: 60% in the month of sale, 20% in the month after sale, 19% in the second month after sale, and 1% is never collected. Budgeted sales are all on credit and amount to: May $600,000 June $700,000 July $500,000 August $600,000 What is the budgeted amount of accounts receivable at the end of August? $353,000 $377,000 $329,000 $340,000