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The Millet Corporation's sales budget for the period January to March 20x3 is as follows: January - $360,500 February - $458,500 March - $226,500 The

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The Millet Corporation's sales budget for the period January to March 20x3 is as follows: January - $360,500 February - $458,500 March - $226,500 The historical cash collection pattern is as follows: 40% collected in the month of sales; 42% collected in the following month; The remainder is collected in the second following month. What is the budgeted accounts receivable balance at the end of March

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