The company expects a 20 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.

sales	january	february	march
cash sale	$100,000
sales on account	$200,000
total Budgeted sales	$300,000

a. Complete the sales budget by filling in the missing amounts.
b. Determine the amount of sales revenue that will be reported
on the first quarter pro forma income statement