Stuart Pointers Corporation expects to begin operations on January $1,$ year $1$; it will operate as a specialty sales company that sells laser pointers over the Internet. Stuart expects sales in January year $1$ to total $$230,000$ and to increase $15$ percent per month in February and March. All sales are on account. Stuart expects to collect $68$ percent of accounts receivable in the month of sale, $25$ percent in the month following the sale, and $7$ percent in the second month following the sale.

Required: PLEASE COMPLETE ALL

$1.$ Prepare a sales budget for the first quarter of year $1.$

$2.$ Determine the amount of sales revenue Stuart will report on the year $1$ first quarterly pro forma income statement.

$3.$ Prepare a cash receipts schedule for the first quarter of year $1.$

$4.$ Determine the amount of accounts receivable as of March $31,$ year $1.$Prepare a cash receipts schedule for the first quarter of year $1.$

Note: Do not round intermediate calculations. Round your final answers to the nearest whole dollar.Prepare a cash receipts schedule for the first quarter of year $1.$

Note: Do not round intermediate calculations. Round your final answers to the nearest whole dollar.