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Vernon Company, which expects to start operations on January 1, 2018, will sell digital cameras in shopping malls. Vernon has budgeted sales as indicated in

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Vernon Company, which expects to start operations on January 1, 2018, will sell digital cameras in shopping malls. Vernon has budgeted sales as indicated in the following table. The company expects a 13 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 Vemon will report on its first quarter pro forma income statement Complete this question by entering your answers in the tabs below. Required B Required A Complete the sales budget by filling in the missing amounts. (Round intermediate calculations and final answers to 2 decimal places.) February Sales January March s 48,000 Cash sales Sales on account 116,000 Total budgeted sales S 164,000 Roquired R Required A Required B Determine the amount of sales revenue Vernon will report on its first quarter pro forma income statement. (Round intermediate calculations and final answer to 2 decimal places.) Sales revenue

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