I am needing assistance with the following. Please advise.

1.

Benson Company, which expects to start operations on January 1, year 2, will sell digital cameras in shopping malls. Benson 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 3. Complete the sales budget by filling in the missing amounts. b. 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 5 Complete the sales budget by lling in the missing amounts. Note: Do not round intermediate calculations. Round nal answers to two decimal places. Cash sales $ 38,000 Sales on account 111,000 Total budgeted sales 5 149,000 Required A Required B Determine the amount of sales revenue Benson will report on its first quarter pro forma income statement. Note: Do not round intermediate calculations. Round final answers to two decimal places. Sales revenueBaird Pointers Corporation expects to begin operations on January 1, year 1; it will operate as a specialty sales company that sells laser pointers over the Internet. Baird expects sales in January year 1 to total $400,000 and to increase 10 percent per month in February and March. All sales are on account. Baird expects to collect 67 percent of accounts receivable In the month of sale, 24 percent In the month following the sale, and 9 percent In the second month following the sale. Required 3. Prepare a sales budget for the first quarter of year 1. 1:. Determine the amount of sales revenue Baird will report on the yeari first quarterly proforma income statement. c. Prepare a cash receipts schedule for the first quarter of year 1. :1. Determine the amount of accounts receivable as of March 31. year 1. Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Prepare a sales budget for the rst quarter of year 1. Sales on account ' F F | Required A Required B Required C Required D Determine the amount of sales revenue Baird will report on the year 1 first quarterly pro forma income statement. Sales revenueRequired A Required B Required C Required D Prepare a cash receipts schedule for the first quarter of year 1. (Do not round intermediate calculations. Round your final answers to the nearest whole dollar.) Schedule of Cash Receipts January February March Receipts from January sales Receipts from February sales Receipts from March sales TotalRequired A Required B Required C Required D Determine the amount of accounts receivable as of March 31, year 1. (Do not round intermediate calculations. Round your final answers to the nearest whole dollar.) Accounts receivableBaird Company sells lamps and other lighting fixtures. The purchasing department manager prepared the following Inventory purchases budget. Baird's policy Is to maintain an ending inventory balance equal to 15 percent of the following month's cost of goods sold. April's budgeted cost of goods sold is $76,000. Required a. Complete the Inventory purchases budget by filling In the missing amounts. b. Determine the amount of cost of goods sold the company will report on its first quarter pro forma Income statement. c. Determine the amount of ending inventory the company will report on its proforma balance sheet at the end of the first quarter. Complete this question by entering your answers in the tabs below. Reg A Reg 3 and C Complete the inventory purchases budget by lling in the missing amounts. Budgeted cost of goods sold Plus: Desired ending inventory Inventory needed Less: Beginning inventory Required purchases (on account) Req A Reg B and C b. Determine the amount of cost of goods sold the company will report on its first quarter pro forma income statement. c. Determine the amount of ending inventory the company will report on its pro forma balance sheet at the end of the first quarter. b. Cost of goods sold c. Ending inventory