Please show work and formulas used!

1) Macy's estimates future sales as follows: January 120,000 units $480,000 February 144,500 units $578,000 March 152,000 units $608,000 April 149,000 units $596,000 Macy's past experience has shown that the ending inventory for each month should be equal to 30% of the next month's sales in units. The inventory on December 31+ of the previous year contained 36,000 units. The company collects its sales 65% in the month of sale and 35% in the month after sale. The income statement for the first quarter (January-March) should report what amount for sales? a. $416,500 b. $2,053,400 c. $1,666,000 d. $1,453,200 2) Walmart sales are collected 50% in the month of the sale, 40% in the month following sale, and 10% in the second month following sale. The following are budgeted sales data: June July August September October Total Sales $400,000 $410,000 $480,000 $415,000 $370,000 What are budgeted cash collections in September? a. $440,500 b. $399,000 c. $415,000 d. $444,000