The LaGrange Corporation had the following budgeted sales for the first half of the current year: January February March April May June Cash Credit Sales 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 $47,000 represents uncollected December sales and $28,000 represents uncollected November sales. What is the budgeted accounts recevable balance on May 31? Multiple Choice O $99.800 O $127.800 $127,300 o O $115.000 o 0 $227.500