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Rooney Company, which expects to start operations on January 1, year 2 will sell digital cameras in shopping malls Rooney has budgeted sales as indicated

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Rooney Company, which expects to start operations on January 1, year 2 will sell digital cameras in shopping malls Rooney has budgeted sales as indicated in the following table. The company expects a 15 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 Rooney will report on its first quarter pro forma income statement Required A Required B Complete the sales budget by filling in the missing amounts. (Do not round intern two decimal places.) February March $ Sales Cash sales Sales on account Total budgeted sales January $ 48,000 111,000 $ 159,000

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