Out of the following information to assist in preparing the budget for Aad Inc. act fidget spinner toy. Management is now projecting the estimated budgets for the third quarter. Sales are budgeted in dollars as follows for the remainder of the third quarter: July - $240,000, August - $280,000, September - $200,000. All sales are on account based on past experience. Sales are expected to be collected in the following pattern: 50% in the month of sale, 30% in the month following the sale, and 20% in the second month following the sale. Sales for May and June are $175,000 and $192,500 respectively. How much is the accounts receivable for quarter 3?