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instructions help 3 (Ch. 8, 9, 11) Save & Exit submit Question 1 (of 36) TIme remalning: 2:28:56 Orchard has forecast sales to be $130,000 in February, $141,000 in March, $157000 in April, and $143,000 in May. The average cost of goods sold is 70% of sales. All sales are made on credit and sales are collected 65% in the month of sale, and 35% the month following. What is the budgeted Accounts Receivable balance on May 31? O $92.050 O $78,050 O $50,050 O $52,850