People's Bank

Seasonal Indexes of sales revenue of People's Bank are:

January		1.20
February		0.90
March		1.00
April		1.08
May		1.02
June		1.10
July		1.05
August		0.90
September		0.85
October		1.00
November		1.10
December		0.80

Total revenue for People's Bank in 1999 is forecasted to be $60,000. Based on the seasonal indexes above, sales in the first three months of 1999 should be

Multiple Choice

$13,500.

$4,800.

None of the options are correct.

$15,500.

$14,723.