3 Exercise 7-4A (Algo) Preparing sales budgets with different assumptions LO 7-2 7.69 Franklin Corporation, which has three divisions, is preparing its sales budget. Each division expects a different growth rate points because economic conditions vary in different regions of the country. The growth expectations per quarter are 4 percent for Cummings Division, 2 percent for Springfield Division, and 6 percent for Douglas Division. Required References a. Complete the sales budget by filling in the missing amounts. b. Determine the amount of sales revenue that the company will report on its quarterly pro forma income statements. Complete this question by entering your answers in the tabs below. Required A Required B Complete the sales budget by filling in the missing amounts. (Round your final answers to the nearest whole dollar amount. ) Division First Quarter Second Third Quarter Fourth Quarter Quarter Cummings Division $ 180,000 Springfield Division 320,000 Douglas Division 240,000 Required A Required B >Required A Required B Determine the amount of sales revenue that the company will report on its quarterly pro forma income statements. (Round intermediate calculations and final answers to the nearest whole dollar amount.) Second Third Quarter Fourth First Quarter Quarter Quarter Sales revenue