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Porez Pointers Corporation expects to begin operations on January 1, Year ti it will operate as a specially sales company that seils laser pointers over the intemet. Perez expects sales in January Year 1 to total $250,000 and to increase 20 percent per month in February and March. All sales are on account. Perez expects to collect 66 percent of accounts recelvable in the month of sale, 21 percent in the month following the sale. and 13 percent in the second month following the sale Required a. Prepare a sales budget for the first quarter of Year 1 b. Dotermine the amount of sales revenue Perez wil report on the Yeat 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