Your Company prepared the following sales budget for the second quarter. Projected sales for each of the first three months of operations are as follows: Sales Budget Cash Sales April $70,000 Sales on Account $410,000 Total Sales: $480,000 May $59,000 $464,000 $523,000 June $95,000 $445,000 $540,000 Your Company expects to collect 70% of the sales on account in the month of sale, 20% in the month following the sale, and the remainder in the second month following the sale. Required: Calculate the ending accounts receivable balance that would be reported on the pro forma balance sheet prepared as of June 30. Show all work.