Perez Pointers Corporation expects to begin operations on January 1 year 1 it will operate as a specialty sales company that sells laser pointers over the Internet. Perez expects sales in January year to total $250,000 and to increase 15 percent per month in February and March All sales are on account Perez expects to collect 67 percent of accounts receivable in the month of sale, 22 percent in the month following the sale, and 11 percent in the second month following the sale Required 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 Prepare a sales budget for the first quarter of year 1. Sales Budget Sales on account January February March Required Required B > Perez Pointers Corporation expects to begin operations on January 1year 1, it will operate as a specialty sales company that sells laser pointers over the Internet. Perez expects sales in January year to total $250,000 and to increase 15 percent per month in February and March All sales are on account Perez expects to collect 67 percent of accounts receivable in the month of sale. 22 percent in the month following the sale, and 11 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 Pere will report on the year 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, yoor 1 Complete this question by entering your answers in the tabs below. Required A Required required Required Determine the amount of sales revenue Porez will report on the year 1 Best quarterly ero forma income statement Perez Pointers Corporation expects to begin operations on January 1, year 1, it will operate as a specialty sales company that sells laser pointers over the Internet. Perez expects sales in January year 1 to total $250,000 and to increase 15 percent per month in February and March All sales are on account Perez expects to collect 67 percent of accounts receivable in the month of sale, 22 percent in the month following the sale, and 11 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 Porez 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 Prepare a cash receipts schedule for the first quarter of year 1. (Do not round intermediate calculations. Round your mind answers to the nearest whole dollar) January February March Schedule of Cash Receipts Receipts from January sales Receipts from February salos Receipts from March sales Total Perez Pointers Corporation expects to begin operations on January 1 year 1, it will operate as a specialty sales company that sells laser pointers over the Internet Perez expects sales in January year to total $250,000 and to increase 15 percent per month in February and March All sales are on account Perez expects to collect 67 percent of accounts receivable in the month of sale, 22 percent in the month following the sale, and 11 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 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 accounts receivable as of March 31, year 1. (Do not round Intermediate calculations, Round your final answers to the nearest wholo dollar) Accounts Toco