PLS ATTEMPT ONLY IF YOU KNOW CORRECTLY. BOLD ALL THE BLANKS

Exercise 14-2 Preparing a sales budget LO 14-2 Solomon Company, which expects to start operations on January 1, 2018, will sell digital cameras in shopping malls. Solomon has budgeted sales as indicated in the following table. The company expects a 12 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 a. Complete the sales budget by filling in the missing amounts. b. Determine the amount of sales revenue Solomon will report on its first quarter pro forma income statement. Complete this question by entering your answers in the tabs belovw Required A Required B Complete the sales budget by filling in the missing amounts. (Round intermediate calculations and final answers to 2 decimal places... Sales Cash sales Sales on account Total budgeted sales JanuaryFebruary March $ 49,000 102,000 151,000