Figure 2 Budgeted Sales for the Second Quarter of the Current Year

Multiple Choice

Figure 2
Budgeted sales for the second quarter of the current year are as follows:
The company collects 20 percent in the month of sale, 70 percent in the first month following the sale, and 10 percent in the second month following the sale.
-Refer to Figure 2 above. If the accounts receivable balance on April 1 is £125,000, what is the budgeted accounts receivable as of June 30?

A) £159,000
B) £125,000
C) £164,000
D) £144,000