Exercise 7-2A Preparing a sales budget LO 7-2 Franklin Company, which expects to start operations on January 1, 2018, will sell digital cameras in shopping malls. Franklin has budgeted sales as indicated in the following table. The company expects a 13 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 Franklin will report on its first quarter pro forma income statement. Complete this question by entering your answers in the tabs below. Required A1 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 Cash sales $ 49,000 Sales on account 116.000 Total budgeted sales $ 165,000 Exercise 7-2A Preparing a sales budget LO 7-2 Franklin Company, which expects to start operations on January 1, 2018, will sell digital cameras in shopping malls. Franklin has budgeted sales as indicated in the following table. The company expects a 13 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 Franklin 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 Determine the amount of sales revenue Franklin will report on its first quarter pro forma income statement. (Round intermediate calculations and final answer to 2 decimal places.) Sales revenue