Exercise $7-2$A $($Algo$)$ Preparing a sales budget LO $7-2$

Campbell Company, which expects to start operations on January $1,$ year $2,$ will sell digital cameras in shopping malls.

Campbell 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 filling in the missing amounts.

b$.$ Determine the amount of sales revenue Campbell will report on its first quarter pro forma income statement.

Complete this question by entering your answers in the tabs below.

Required Required

A

B

Complete the sales budget by filling in the missing amounts.

Note: Do not round intermediate calculations. Round final answers to two decimal places.