Rundle 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. Rundle expects sales in January 2019 to total $370,000 and to increase 15 percent per month in February and March. All sales are on account. Rundle expects to collect 70 percent of accounts receivable in the month of sale, 22 percent in the month following the sale, and 8 percent in the second month following the sale.

a. Sales budget for the first quarter of 2019.

Sales Budget	January	February	March
Sales on Account	$370,000	$425,500	$489,325

b. The amount of sales revenue Rundle will report on the first 2019 quarterly pro forma income statement.

Sales Revenue

$1,284,825

c. Prepare a cash receipts schedule for the first quarter of 2019. (Do not round intermediate calculations.)

Schedule of Cash Receipts	January	February	March
Receipts from January sales
Receipts from February sales
Receipts from March sales
Total	$	$	$

d. Determine the amount of accounts receivable as of March 31, 2019. (Do not round intermediate calculations.)

Accounts Receivable