Welch Company, which expects to start operations on January 1, 2011, will sell digital cameras in shopping malls. Welch has budgeted sales as indicated in the following table. 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 Sales

$60,000

?

?

Sales on account

60,000

?

?

Total budgeted sales

$120,000

?

?

(a)	Complete the sales budget by filling in the missing amounts. (Do not round your intermediate calculations. Omit the "$" sign in your response.)

Sales Budget

January

February

March

Cash sales

$60,000

$

$

Sales on account

60,000

Total budgeted sales

$120,000

$

$

(b)	Determine the amount of sales revenue Welch will report on its first quarter pro forma income statement