Preparing sales budgets with different assumptions Raine International Company has three subsidiaries, Falcon Trading Company, Ammons Medical Supplies Company, and Ocean Shipping Company. Because the subsidiaries operate in different industries, Raine’s corporate budget for the coming year must reflect the different growth potentials of the individual industries. The growth expectations per quarter for the subsidiaries are 4 percent for Falcon, 1 percent for Ammons, and 3 percent for Ocean.

Required

a. Complete the sales budget by filling in the missing amounts. (Round the figures to the nearest dollar.)

b. Determine the amount of sales revenue Raine will report on the quarterly pro forma income statements.