Bright Minds Toy Company prepared the following sales budget for the second quarter. Projected sales for each of the first three months of operations are as follows:

Sales Budget	April		May		June
Cash sales	30,000		43,000		55,000
Sales on account	370,000		432,000		405,000
	400,000		475,000		460,000

Bright Minds expects to collect 70% of the sales on account in the month of sale, 20% in the month following the sale, and the remainder in the second month following the sale.

What is the amount of sales revenue that the company will report on the second quarter pro forma income statement?

Multiple Choice

$1,001,800

$1,129,800

$1,207,000

$1,335,000