Preparing sales budgets with different assumptions Lagrave International Company has three subsidiaries, Moore Trading Company, Pickrell Medical Supplies Company, and Rice Shipping Company. Because the subsidiaries operate in different industries, Lagrave's corporate budget for the coming year must reflect the different growth potentials of the individual industries. The growth expectations per quarter for the subsidiaries are 4 percent for Moore, 1 percent for Pickrell, and 3 percent for Rice.

Required
a. Complete the sales budget by filling in the missing amounts. (Round the figures to the nearest dollar.)
b. Determine the amount of sales revenue Lagrave will report on the quarterly pro forma income statements.

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First Quarter Fourth Second Quarter Third Quarter Current Subsidiary Quarter Sales Quarter Moore Pickrell Rice $160,000 ? 320,000