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Baird Pointers Corporation expects to begin operations on January 1. Year 1. it will operate as a specialty sales company that sells laser pointers over the Internet. Baird expects sales in January Year 1 to totai $350,000 and to increase 10 percent per month in February and March. All sales are on account. Baird expects to collect 67 percent of accounts receivable in the month of sale, 22 percent in the month following the sale, and 11 percent in the second month following the sale Required a. Prepare a sales budget for the first quarter of Year 1 b. Determine the amount of sales revenue Baird will report on the Year 1 fitst quarterly pro forma income statement c. Prepare a cash receipts schedule for the first quarter of Year 1. d. Determine the amount of accounts receivable as of March 31, Year 1. Complete this question by entering your answers in the tabs below. Prepare a sales budget for the first quarter of year 1 . Baird Pointers Corporation expects to begin operations on January 1 , Year t it will operate as a speciaily sales company that sells laser pointers over the Internet. Baird expects sales in January Year 1 to total $350,000 and to increase 10 percent per month in February and March. All sales are on account. Baird expects to collect 67 percent of accounts receivable in the month of sele, 22 percent in the month following the sale, and 11 percent in the second month following the sale. Required a. Prepare a sales budget for the first quarter of Year 1 b. Determine the amount of sales revenue Baird will report on the Year 1 first quarterly pro forma income statement. c. Prepare a cash receipts schedule for the fist quarter of Year 1. d. Determine the amount of accounts receivable as of March 3t. Year 1. Complete this question by entering your answers in the tabs below. Determine the amount of sales revenue Baird will report on the year 1 first quarterly pro forma income statement. Baird Pointers Corporation expects to begin operations on January 1. Year 1; it will operate as a specialty sales company that sells laser pointers over the Internet Baird expects sales in January Year 1 to total $350,000 and to increase 10 percent per month in February and March. All sales are on account. Balrd expects to collect 67 percent of occounts receivable in the month of sale, 22 percent in the month following the sale, and 11 percent in the second month following the sole Required a. Prepare a sales budget for the first quarter of Year 1 b. Determine the amount of sales revenue Baird will report on the Year 1 first quarterly pro forma income statement. c. Prepare a cash receipts schedule for the first quarter of Year 1 d. Determine the amount of accounts receivable as of March 31 , Year 1. Complete this question by entering your answers in the tabs below. Prepare a cash receipts schedule for the fist quarter of year 1. (Do not round intermediate calculations. Found your final answers to the nearest whole dollar.) Baird Pointers Corporation expects to begin operations on January 1, Year ti it wili operate as a specialty sales company that sells laser pointers over the Intemet. Baird expects sales in January Year 1 to total $350,000 and to increase 10 percent per month in February and March. All sales are on account. Baird expects to collect 67 percent of accounts receivable in the month of sale, 22 percent in the month following the sale, and 11 percent in the second month following tho sale. Required a. Prepare a sales budget for the first quarter of Year 1 b. Determine the amount of sales revenue Baird will report on the Year 1 first quarterly pro forma income statement. c. Prepare a cash receipts schedule for the first quarter of Year 1 d. Determine the amount of accounts recelvable as of March 31, Year 1 Complete this question by entering your answers in the tabs below. Determine the amount of accounts receivable as of March 31, year 1. (Do not round intermediate calculations. Round vour final answers to the nearest whole dollar.)