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Camtech, which expects to start operations on January 1, 2008, will sell digital cameras in shopping malls. Camtech has budgeted sales as indicated in the following table. The company excerpts a 10 percent increase in sales per month for February and March. the ratio of each sales to sales on account will remain stable from January through March.Sales, January, February, MarchCash sales $50,000Sales on account $80,000total budgeted sales $130,000
a) Complete the sales budget by filling in the missing amounts.
b) Determine the amount of sales revenue Camtech will report on its second quarter pro form a income statement.
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