The Tаylоr Hаll Cоmpаny Cоmpany has the following budgeted sales: April May June July Credit Sales 300,000 400,000 Cash Sales 80,000 70,000 The regular pattern of collection of credit sales is 30% in the month of sale, 60% in the month following the month of sale, and the remainder in the second month following the month of sale. There are no bad debts. The budgeted accounts receivable balance on May 31 would be: