he Lotus company, which expects to begin operations on January 1, 2022, will sell digital cameras at the shopping centers. Lotus has budgeted its sales as indicated in the table below. The company expects a 10 percent increase in sales per month for February and March. The range (ratio) of cash sales on credit sales will remain stable from January to March.

Sales January February March

Cash Sales $40,000 ______ ______

Credit Sales 100,000 ______ ______

Total budgeted sales. $140,000 ______ ______

Required: a.. Complete the sales quote by filling in the missing quantities b. Determine the amount of sales revenue that Lotus will be able to report on the Income Statement Pro Forma for the first quarter