Woody Corporation has budgeted for the following sales : July August September October November December $ 380,000 360,000 $ 440,000 $ 560,000 $ 480,000 $ 640,000 Sales are collected as follows: 60% in the month sale; 30% in the month following the sale; and the remaining 10% in the second month following the sale. In Woodys budgeted balance sheet at December 31, at what amount will accounts receivable be shown?

Woody Corporation has budgeted for the following sales: July $ 380,000 August $360,000 September $ 440,000 October $ 560,000 November $ 480,000 December $ 640,000 Sales are collected as follows: 60% in the month of sale: 30% in the month following the sale; and the remaining 10% in the second month following the sale. In Woody's budgeted balance sheet at December 31, at what amount will accounts receivable be shown? $304,000 $584.000 $360,000 O $280,000