Exercise 7-2A (Algo) Preparing a sales budget LO 7-2 Walton Company, which expects to start operations on January 1, year 2, will sell digital cameras in shopping malls. Walton 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 a. Complete the sales budget by filling in the missing amounts. b. Determine the amount of sales revenue Walton 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. Note: Do not round intermediate calculations. Round final answers to two decimal places. Sales: Cash sales January $ 38,000 116,000 February March Sales on account Total budgeted sales $ 154,000 Required A Required B >