The following information pertains to the October operating budget for Flockhart Corporation.

· Budgeted sales for October $100,000 and November $200,000.
· Collections for sales are 60% in the month of sale and 40% the next month.
· Gross margin is 30% of sales.
· Administrative costs are $10,000 each month.
· Beginning accounts receivable (October 1) $20,000.
· Beginning inventory (October 1) $14,000.
· Beginning accounts payable (October 1) $60,000. (All from inventory purchases.)
· Purchases are paid in full the following month.
· Desired ending inventory is 20% of next month's cost of goods sold (COGS).
· No loans are outstanding on October 1

At the end of October, what is the budgeted accounts receivable ?