Question: Sycamore Company, which expects to start operations on January 1, 2014, will sell digital cameras in shopping malls. Sycamore has budgeted sales as indicated in

Sycamore Company, which expects to start operations on January 1, 2014, will sell digital cameras in shopping malls. Sycamore has budgeted sales as indicated in the following table. The company expects a 10 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.

Sycamore Company, which expects to start operations on January 1,

Required
a. Complete the sales budget by filling in the missing amounts.
b. Determine the amount of sales revenue Sycamore will report on its first quarter pro forma incomestatement.

February March Sales Cash sales Sales on account Total budgeted sales January 60,000 140,000 $200,000

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