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1. Complete panel number 1 of the following sales budget, given an increase of 10% per month and calculate the sales number and A/R balance

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1. Complete panel number 1 of the following sales budget, given an increase of 10% per month and calculate the sales number and A/R balance on pro forma financial statements. Given credit sales are collected in 30 days after the sale. $Sales credit January Feb. March 44,000 120,000 164,000 Sales number A/R balance

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