Check my work Problem 14-17A (Algo) Preparing a sales budget and schedule of cash receipts LO 14-2 Perez Pointers Corporation expects to begin operations on January 1 Yeart it will operate as a specialty sales company that sells laset pointers over the Internet. Perez expects sales in January Yeart to total $330,000 and to increase 10 percent per month in February and March All sales are on account. Perez expects to collect 66 percent of accounts receivable in the month of sale 24 percent in the month following the sale, and 10 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 Perez will report on the Yeart 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. Required A Required Required Required Prepare a sales budget for the Test quarter of year 1 February March January Total Sales on account to Next > Check my work HUYU o. Prepare a sales budget for the first quarter of Year 1. b. Determine the amount of sales revenue Perez 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. Required A Required Required Required Determine the amount of sales revenue Perez will report on the year a first quarterly pro forma income statement, Sales revenue Prax 1 of 3 FEE Next > b. Determine the amount of sales revenue Perez 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. Required A Required B Required Requid Determine the amount of accounts receivable as of March 31, year 1. (Do not round intermediate calculations. Round your final answers to the nearest whole dollar) Accounts receivable