[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 $450,000, of which $240,000 pertain to sales that were made during June. Budgeted sales for July are $1,300,000 Ross collects 70% of sales in the month of sale: 10% in the following month, and the final 20% in the second month after the sale What is the budgeted balance of Ross's accounts receivable as of July 312 What is the budgeted balance of Ross's accounts receivable as of July 31? Multiple Choice O $976.000 O $1,144,000 $1.150.000 $550.000