1 1 Exercise 7-2A (Algo) Preparing a sales budget LO 7-2 3 points Thornton Company, which expects to start operations on January 1, year 2, will sell digital cameras in shopping malls. Thornton has budgeted sales as indicated in the following table. The company expects a 12 percent increase in sales per month for February and March. The ratio of cash sales to sales on account will remain stable from January through March. Required eBook a. Complete the sales budget by filling in the missing amounts. b. Determine the amount of sales revenue Thornton will report on its first quarter pro forma income statement. dor Hint Complete this question by entering your answers in the tabs below. Print Required A Required B References Complete the sales budget by filling in the missing amounts. (Do not round intermediate calculations. Round final answers to two decimal places.) Sales February March Cash sales January $ 42,000 116,000 $ 158,000 Sales on account Total budgeted sales 1 Exercise 7-2A (Algo) Preparing a sales budget LO 7-2 3 points Thornton Company, which expects to start operations on January 1, year 2, will sell digital cameras in shopping malls. Thornton has budgeted sales as indicated in the following table. The company expects a 12 percent increase in sales per month for February and March. The ratio of cash sales to sales on account will remain stable from January through March. Required eBook a. Complete the sales budget by filling in the missing amounts. b. Determine the amount of sales revenue Thornton will report on its first quarter pro forma income statement. Hint Complete this question by entering your answers in the tabs below. Print Required A Required B of References Determine the amount of sales revenue Thornton will report on its first quarter pro forma income statement. (Do not round intermediate calculations. Round final answers to two decimal places.) Sales revenue (Required A Required B