1. ABC Company has the following data for its monthly sales. Complete the % of Annual Sales row ABC Company Monthly Income Statements Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total Gross Sales $40,000 $42,000 $47,000 $56,000 $60,000 $71,000 $53,000 $53,000 $46,000 $37,000 $39,000 $31,000 $575,000 % of Annual Sales 2. Using the same data as in Problem 1, assume that ABC Company expects a 10% increase in sales in the coming year (10% more than the $575,000 it had in the past year). Prepare its sales forecast, assuming the company breaks its sales down by month using the same percentages as the actual sales from the past year, which you calculated in the first problem. ABC Company Monthly Income Statements Gross Sales % of Annual Sales Jan Feb Mar Apr May Jun Jul Sep Aug Oct Nov. Dec Total