Chapter 14 Homework Franklin Pointers Corporation expects to begin operations on January 1, 2019; It will operate as a specialty sales company that sells laser pointers over the Internet. Franklin expects sales in January 2019 to total $320,000 and to increase 15 percent per month in February and March. All sales are on account. Franklin expects to collect 69 percent of accounts receivable in the month of sale, 23 percent in the month following the sale, and 8 percent in the second month following the sale. 2.5 points Required eBook a. Prepare a sales budget for the first quarter of 2019 b. Determine the amount of sales revenue Franklin will report on the first 2019 quarterly pro forma Income statement. c. Prepare a cash receipts schedule for the first quarter of 2019. d. Determine the amount of accounts receivable as of March 31, 2019, ccounts receivable quarter of 2019 the first 201 Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Prepare a sales budget for the first quarter of 2019.- January February March Sales Budget Sales on account Required B