Exercise 14-2 Preparing a sales budget LO 14-2

Benson Company, which expects to start operations on January 1, 2018, will sell digital cameras in shopping malls. Benson has budgeted sales as indicated in the following table. The company expects a 11 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.

Required

1. Complete the sales budget by filling in the missing amounts.
2. Determine the amount of sales revenue Benson will report on its first quarter pro forma income statement.

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 intermediate calculations and final answers to 2 decimal places.) February March Sales January $ 33,000 Cash sales Sales on account Total budgeted sales 105,000 $138,000 Required B