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Exercise 14-2A (Algo) Preparing a sales budget LO 14-2 Stuart Company, which expects to start operations on January 1, year 2. will sell digital cameras in shopping malls. Stuart has budgeted sales as indicated in the following table. The company expects a 12 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 filing in the missing amounts b. Determine the amount of sales revenue Stuart will report on its first quarter pro forma income statement Answer is not complete Complete this question by entering your answers in the tabs below. Required a Required B Determine the amount of sales revenue stuart will report on its first quarter pro forma income statement. Do not round Intermediate calculations. Round final answer to two decimal places Salomon Exercise 14-3A (Algo) Preparing a schedule of cash receipts LO 14-2 The budget director of Heather's Florist has prepared the following sales budget. The company had $370,000 in accounts receivable on July 1. Heather's Florist normally collects 100 percent of accounts receivable in the month following the month of sale. Required a. Complete the schedule of cash receipts by filling in the missing amounts b. Determine the amount of accounts receivable the company will report on its third quarter pro forma balance sheet Complete this question by entering your answers in the tabs below. Required A Required B Determine the amount of accounts receivable the company will report on its third quarter pro forma balance sheet (Accounts incelyable

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