Please answer Required sections A-D. I have attached images within the post

1 Problem 14-17A (Algo) Preparing a sales budget and schedule of cash receipts LO 14-2 Gibson 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 Gibson expects sales in January Year 1 to total $340,000 and to increase 15 percent per month in February and March All sales are on account, Gibson expects to collect 65 percent of accounts receivable in the month of sale. 23 percent in the month following the sale, and 12 percent in the second month following the sale. floor Required tes a. Prepare a sales budget for the first quarter of Year 1 b. Determine the amount of sales revenue Gibson will report on the Year 1 tirst 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 Required Prepare a sales budget for the first quarter of year 1 January February March Total Sales on account KAN Required B > 14 HW 1 Problem 14-17A (Algo) Preparing a sales budget and schedule of cash receipts LO 14-2 Gibson Pointers Corporation expects to begin operations on January 1 Year 1 it will operates a specially sales company that Inserpointers over the Internet Gibson expects sales in January Year 11 total $340,000 and to increase 15 percent Demon February and March All sales are on account. Gibson expects to collect 66 percent of accounts tecelable in the month of sal percent in the month following the sale, and 12 percent in the second month following the sale Required . Prepare a sales budget for the first quarter of Year 1 b. Determine the amount of sales revenue Gibson will report on the Year 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 Roured gured Roured Head Determine the amount of sales revenue Gibson will report on the year 1 first quarterly pro forma income statement Sales O BI Type here to search a 2 # 3 $ 4 96 5 6 B 7 8 W E R. T F H. D K S Ch 14 HW 1 GIDSON Pointers corporation expects to begin operations on January 1, Teatr w operate as a specialty sales company that sesis laser pointers over the Internet Gibson expects sales in January Year 1to total $340,000 and to increase 15 percent per month in February and March. All sales are on account Gibson expects to collect 65 percent of accounts receivable in the month of sale, 23 percent in the month following the sale, and 12 percent in the second month following the sale. 2 Dans Required a. Prepare a sales budget for the first quarter of Year 1 b. Determine the amount of sales revenue Gibson 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. och Reforces Complete this question by entering your answers in the tabs below. Required A Required Required Required Prepare a cash receipts schedule for the first quarter of year 1. Do not found intermediate calculations. Round your final answers to the nearest whole dollar) January February March Schedule of Canh Receipts Receipts from January sales Receipts from February Sales Receipts from March sales Total ME Prav 1 of 3 Next > https://ezto mheducation.com/exmap/ Saved Ch 14 HW 1 GloSon Pointers Corporauon expects to begin operations on January 1, Tear it will operate as a specialty sotesco laser pointers over the Internet. Gibson expects sales in January Year 1 to total $340,000 and to increase 15 percer February and March. All sales are on account. Gibson expects to collect 65 percent of accounts receivable in the percent in the month following the sale, and 12 percent in the second month following the sale Required 2 points a. Prepare a sales budget for the first quarter of Year 1 b. Determine the amount of sales revenue Gibson will report on the Year 1 first quarterly pro forma income stateme 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 Dool Print Reference Complete this question by entering your answers in the tabs below. Required A Required Required Required Determine the amount of accounts receivable as of March 31, year 1. Do not round Intermediate calculations. Round yo final answers to the nearest whole dollar) Accounts receivable