Outside Company€™s quarterly and annual sales for this year follow. Prepare a sales budget for next year based on the estimated percentage increases shown by product class. Show both quarterly and annual totals for each productclass.

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Outside Company Actual Sales Revenue For the Year Ended December 31 Estimated Percent Increases by Product Class January Apri July OctoberAnnual Product March June September December Totals Backcountry products $44,500 $ 45,500 $ 48,200 36,900 32,600 34,100 $ 47,900 $ 186,100 140,800 Marine products Walking products Hiking products Running products Biking products Totals 20% 596 29,800 29,700 29,100 27,500 116,100 30% 39,700 153,000 10% 49,900 195,200 25% 65,400 65,900 66,600 67,300 265,200 20% 37,200 38,800 37,600 36,900 47,700 48,200 49400 $263,100 $259,500 $264,300 $269,500 $1,056,400