laser pointers over the Internet. Rooney expects sales in January year $1$ to total $$250,000$ and to increase $10$ percent per month in February and March. All sales are on account. Rooney 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

a$.$ Prepare a sales budget for the first quarter of year $1.$

b$.$ Determine the amount of sales revenue Rooney will report on the year $1$ first quarterly pro forma income statement.

c$.$ Prepare a cash receipts schedule for the first quarter of year $1.$

d$.$ 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 first quarter of year $1.$

$\backslash$table$[[$Sales Budget,January,February,March$],[$Sales on account,$$,250,000,,]]$