right Minds Toy Company prepared the following sales budget for the second quarter. Projected sales for each of the first three months of operations are as follows: Sales Budget Cash Sales Sales on Account Bright Minds expects to collect 70% of the sales on account in the month of sale, 20% in the month following the sale, and the remainder in the second month following the sale. Multiple Choice What is the amount of sales revenue that the company will report on the second quarter pro forma income statement? $1,129,800 April May 30,000 43,000 370,000 432,000 400,000 475,000 $1,207,000 June 55,000 405,000 460,000 $1,001,800