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Promotion Sports Inc. is a retailer of clothing and sports equipment. The following is Promotion Sports' sales forecast by quarter for the upcoming year. In

Promotion Sports Inc. is a retailer of clothing and sports
equipment. The following is Promotion Sports' sales forecast by
quarter for the upcoming year.
In addition, sales in Q3 and Q4 of 2021 totaled $139,000 and
$193,000 respectively. According to the company's sales records,
58% of sales are made in cash and the remaining 42% are made on
account (i.e. credit sales). Assume the following historical trends
were noted by management regarding credit sales:Do not enter dollar signs or commas in the input boxes.
Round your answers to the nearest whole number.
a) Calculate the forecasted sales for each quarter (separate
revenue into cash and credit sales).
b) Prepare the cash receipts section of the 2022 cash budget (on a
quarterly basis)

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