Problem 7-17A Preparing a sales budget and schedule of cash receipts LO 7-2 Stuart Pointers Corporation expects to begin operations on January 1, 2019; it will operate as a specialty sales company that sells laser pointers over the Internet. Stuart expects sales in January 2019 to total $360,000 and to increase 20 percent per month in February and March All sales are on account, Stuart expects to collect 67 percent of accounts receivable in the month of sale, 22 percent in the month following the sale, and 11 percent in the second month following the sale. Required a. Prepare a sales budget for the first quarter of 2019. b. Determine the amount of sales revenue Stuart will report on the first 2019 quarterly pro forma income statement. c. Prepare a cash receipts schedule for the first quarter of 2019. d. Determine the amount of accounts receivable as of March 31, 2019. Complete this question by entering your answers in the tabs below. Required A Required B Required Required D Prepare a sales budget for the first quarter of 2019. January February March Sales Budget Sales on account Complete this question by entering your answers in the tabs below. Required A Required B Required Required D Determine the amount of sales revenue Stuart will report on the first 2019 quarterly pro forma income Sales revenue Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Prepare a cash receipts schedule for the first quarter of 2019. (Do not round intermediate calculations.) January February March Schedule of Cash Receipts Receipts from January sales Receipts from February sales Receipts from March sales Total Complete this question by entering your answers in the tabs below. Required A Required B Required Required D Determine the amount of accounts receivable as of March 31, 2019. (Do not round Intermediate calculations.) Accounts receivable