A firm has forecasted sales of $5,400 in April. $3,000 in May, and $5,000 in June. All sales are on credit, there are 30 days in every month, and sales are evenly divided each day throughout the year. If this company's average collection period is 24 days, what will be the balance in accounts receivable at the end of June? 01) $1,000 2) $4,550 3) $3,600 4) $3,400 5) $4,000