I need help with this question

The LaGrange Corporation had the following budgeted sales for the rst half ofthe current year: Cash Credit Sales Sales January $ 70,000 $170,000 February $ 75,000 $190,000 March $ 27,000 $150,000 April $ 22,000 $107,000 May $ 32,000 $220,000 $ June 100,000 $ 10,000 The company is in the process of preparing a cash budget and must determine the expected cash collections by month. To this end, the following information has been assembled: Collections on sales: 50% in month of sale 40% in month following sale 10% in second month following sale The accounts receivable balance on January 1 of the current year was $65,000, of which $47,000 represents uncollected December sales and $18,000 represents uncollected November sales. What is the budgeted accounts receivable balance on May 31