Ross Corp. makes all sales on account. the june 30th balance sheet balance in its accounts receivable is $400000, of which $240000pertain to sales that were made during june. budgeted sales for July are $1250000. Ross collects 70% of sales in the month of sale: 30% in the following month and the final 10% in the second month after the sale. What is the budgeted balance of Ross's accounts receivable as of July 31?