The LaGrange Corporation had the following budgeted sales for the first half of the current year: Cash Sales Credit Sales January $80,000 $180,000 February $85,000 $200,000 March $46,000 $160,000 April $41,000 $126,000 May $51,000 $230,000 June $110,000 $200,000 Collections on sales: 45% in month of sale 50% in month following sale 5% in second month following sale November sales. What is the budgeted accounts receivable balance on May 31