ZAPPY is a manufacturer of hand held game cartridges. It divides its market into three main market segments: the Americas, Europe, and Asia. Financial information for this fiscal year is presented below.

Americas Europe Asia

$$100,000$ $$70,000$ $$90,000$

Variable costs

$60,00042,00054,000$

Contribution margin

$$40,000$ $$28,000$ $$36,000$

Direct fixed costs

$5,0004,0003,000$

Direct profit

$$35,000$ $$24,000$ $$33,000$

Allocated homeoffice cost

$10,0007,0009,000$

Segment profit

$$25,000$ $$17,000$ $$24,000$

Note that the direct fixed costs refer to entry costs particular to each market, and these could be eliminated if ZAPPY exits a market. In addition, the homeoffice costs have been allocated to the market segments on the basis of division revenue.Next year, ZAPPY expects sales to be flat in the Americas and in Europe but expects $20$ percent growth in Asia.

$34.$

The average collection period for all sales is $30$ days. If all markets realize $40$ percent of their total sales during November and December and otherwise accrue sales at an even rate during the year, which of the following will be the accounts receivable balance for the company on June $30$ of the next fiscal year?

$($A$)$

$$15,600$

$($B$)$

$$16,680$

$($C$)$

$$21,616$

$($D$)$

$$23,161$

Please show work for solution.