Problem 7-17B Preparing a sales budget and schedule of cash receipts All sales are on account. Estit nemally collects 50 percent of accounts tecervable in the month of sale and 20 percent is the next month. Required a. Prepare a sales budget for January and February Year 3. b. Detemine the amount of sales tevenue listlin would report on the bemontally pro forma income atukenent for fanuary and Fetruary Year 3 2. Prepare a cash receipts schediale for January and Fehruary Year 3 . d. Determine the amount of accounts receivable as of February 28 , Year 3