Lakewood Jet Skis has budgeted sales for June and July at $430,000 and $480,000, respectively. Sales are 85% credit, of which 20% is collected in the month of the sale and 80% is collected in the following month. What is the accounts receivable balance on July 31? OA. $384,000 OB. $292,400 OC. $326,400 OD. $408,000