The Pharoah Retail store is planning to open a new department that only makes credit sales. Its budgeted credit sales for the first year by quarter are as follow: Quarter 1, $10200; Quarter 2, $11600; Quarter 3, $13000; and Quarter 4,$14400. From the company's market study, the credit department will collect its customers' Accounts Receivable (A/R) balances according to the following pattern: 70% in the quarter of sale, 28% in the following quarter after the sale, and the balance is uncollectible and will be directly written off of the Accounts Receivable balance during the 2 nd following quarter after the sale. What is the ending Accounts Receivable balance that will be presented in the year-end budgeted balance sheet for the