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Business, 19.04.2021 15:10 bryneosburn

Solomon Company, which expects to start operations on January 1, year 2, 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. Required:
Determine the amount of sales revenue Solomon will report on its first quarter pro form a income statement.

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