Jordan pointers Corporation expect to begin on January $1$ year $1$ it will operate as expected sales company that sells laser pointers over the Internet John expects sales in January and year one to total $$240,000$ and to increase $15\%$ per month in February and March all sales are on account joint expect to collect $68\%$ of accounts receivable in the month of sale $24\%$ in the month following June following the cell and $8\%$ in the second month following the sale prepare a sales budget for the first quarter of year one determine the amount of sale on the year one first quarterly proforma income statement prepare a cash receipt schedule for the first quarter of year one determine the amount of accounts receivable answer