Empire Records Incorporated is a music retail store that began operations on January $1,$ Year $1.$ The company has budgeted sales as

indicated in the following table. The company expects a $5$ percent increase in sales per month for February and March. The ratio of

cash sales to sales on account will remain stable from January through March. The company expects $50\%$ of the sales on account to

be collected in the month of sale with the remaining $50\%$ collected in the month following the sale.

Required:

a$.$ Complete the sales budget by filling in the missing amounts.

b$.$ What are the expected total cash receipts for the month of February?

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Complete the sales budget by filling in the missing amounts.