The Lasmonge Corporation had the following budgeted sales for the first haif of the current year: The company is in the process of peeparing a cash budget and must determine the expected cash colectlons by month, To this cnd, the following information has been assemeled: Collections on soles: 45\% in montr of sale 50% in month following sale 5% in second manth following sale The accounts receivable bslance on January 1 of the current year was $81.000, of which $55.000 represents uncellected December sales and $26,000 represents uncolected Navemter sal What is the buogeted accounts tecetvable balance on May 31? Milide Choice 5132,300 323060 $106,900 502,600