The LaGrange Corporation Had the Following Budgeted Sales for the First

The LaGrange Corporation had the following budgeted sales for the first half of the current year:
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:
The accounts receivable balance on January 1 of the current year was $70,000, of which $50,000 represents uncollected December sales and $20,000 represents uncollected November sales.
-What is the budgeted accounts receivable balance on May 30?

A) $56,000
B) $64,000
C) $76,000
D) $132,000