McCarty Pointer Inc. expects to begin operations on January 1 2012; it will oper

McCarty Pointer Inc. expects to begin operations on January 1 2012; it will operate as a specialty sales company that sells laser pointers over the internet McCarty expects sales in January 2012 to total $200000 and to increase 10% per month in February and March. All sales are on account. McCarty expects to collect 70% of accounts receivable in the month of sale 20% in the month following the sale and 10% in the second month following the sale.A. Prepare a sales budget for the first quarter of 2012B. Determine the amount of sales revenue McCarty will report on the first 2012 quarterly pro forma income statement.C. Prepare a cash receipts schedule for the first quarter of 2012.D. Determine the amount of accounts as of March 31 2012