The Game Zone sells computer and other electronic games. The store has budgeted sales for January Year 2 as indicated in the following table. The company expects a 4 percent increase in sales for the month of February and a 3 percent increase for March. Sales January February March Cash sales $40,000 Sales on account $80,000 Total budgeted sales $120,000 Required: (a) Complete the sales budget by filling in the missing amounts. (b) What is the amount of sales revenue the company will report on its pro forma income statement for the first quarter?