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Vaughn, Inc. reports all its sales on credit, and pays operating costs in the month incurred. Amounts for 2022 are: March April May June July

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Vaughn, Inc. reports all its sales on credit, and pays operating costs in the month incurred. Amounts for 2022 are: March April May June July Budgeted sales $300600 $290100 $320000 $280500 $209300 Budgeted purchases $143600 $120500 $128000 $132000 $90500 Customer amounts on account are collected 70% in the month of sale and 30% in the following month. Cost of goods sold is 60% of sales. Vaughn purchases and pays for merchandise 40% in the month of acquisition and 60% in the following month. Operating expenses are: Salaries, $50900; Depreciation, $11500; Rent, $15600; and Utilities, $14700. . Accounts payable is used only for inventory acquisitions. How much is Vaughn's May 31, 2022 budgeted Accounts Receivable? O $224000 $96000 O $320000 O $311030

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