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Adams Corporation, which has three divisions, is preparing its sales budget. Each division expects a different growth rate because economic conditions vary in different regions

Adams Corporation, which has three divisions, is preparing its sales budget. Each division expects a different growth rate because economic conditions vary in different regions of the country. The growth expectations per quarter are 6 percent for Cummings Division, 4 percent for Springfield Division, and 8 percent for Douglas Division.

Required

  1. Complete the sales budget by filling in the missing amounts.

  2. Determine the amount of sales revenue that the company will report on its quarterly pro forma income statements.

Complete the sales budget by filling in the missing amounts. (Round your final answers to the nearest whole dollar amount.)

Division First Quarter Second Quarter Third Quarter Fourth Quarter
Cummings Division $170,000
Springfield Division 300,000
Douglas Division 220,000

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.)

First Quarter Second Quarter Third Quarter Fourth Quarter
Sales revenue

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