Read the information and Answer the following two questions. Silifone Manufacturing Company has the following sales budget:Month (in €000)January 500February 400March 550April 450May 500June 470The cash collection schedule of sales has been as follows:70% of sales collected in month of sale20% of sales collected in month following sale5% of sales collected in second month following sale5% of sales is uncollectibleWhat is the ending balance of accounts receivable for May, assuming the uncollectible balance is written off after the second month?