Problem 15-8 Spreadsheet Problem: Seasonal and Trend Estimated Sales (LG15-2)

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Problem 15-8 Spreadsheet Problem: Seasonal and Trend Estimated Sales (LG15-2)

John’s Bait and Fish Shop has had the monthly sales amounts listed below for the last four years.

Year: 2017 2018 2019 2020
January $ 417,772 $ 585,999 $ 334,477 $ 587,237
February 113,110 138,191 166,936 114,904
March 139,878 177,804 86,993 138,381
April 428,153 392,620 512,393 458,459
May 437,586 927,701 535,856 851,239
June 743,541 1,085,502 598,028 741,220
July 1,449,469 1,250,878 1,564,443 1,580,045
August 1,428,447 1,794,651 1,850,385 1,590,062
September 1,179,475 1,023,896 683,008 725,453
October 368,881 466,181 483,351 652,794
November 257,238 389,475 262,180 310,030
December 322,024 387,349 234,914 371,080

Assuming that there are both seasonality and a trend, estimate monthly sales for each month of the coming year.

Note: Round your answers to the nearest whole dollar amount.

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