LEARNet x DeVry Student Portal X Module 2: Discussion Activity X Week 2: Homework x C A ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Flms.mheduca Week 2: Homework i Submitted You received partial credit in the previous attempt. Solomon Company, which expects to start operations on January 1. 2018. will sell digital cameras in shopping malls. Solomon has budgeted sales as indicated in the following table. The company expects a 11 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. 285/5 points awarded Required Scored a. Complete the sales budget by filling in the missing amounts. b. Determine the amount of sales revenue Solomon will report on its first quarter pro forma Income statement. -Book Complete this question by entering your answers in the tabs below. Hint Required A Required B Ask Complete the sales budget by filling in the missing amounts. (Round intermediate calculations and final answers to 2 decimal places.) January Print Cash sales $ 37,000 $41,070.00 5 38,195. 10 63 Sales on account 105,000 116,550.00 129,370.50 References Total budgeted sales 142,000 157,620.00 167,565.60 Required B > Explanation The amount of sales revenue appearing on the 1" quarter income statement is the sum of the monthly amounts ($142.000.00 - $157.620.00 - $174,958.20 = $474.578.20) Prey 1 of 8 Next > O Type here to search hp