E 5. Quarterly and annual sales for this year for Steen Manufacturing Company follow. Prepare a sales budget for next year for the company based on the estimated percentage increases shown by product class. Show both quarterly and annual totals for each product class.

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Steen Manufacturing Company Actual Sales Revenue For the Year Ended December 31 Product January- April- July- October- Annual Class March June September December Totals Marine products $44,500 $45,500 $ 48,200 $47,900 $186,100 Mountain Estimated Percent Increases by Product Class 10% products 36,900 32,600 34,100 37,200 140,800 5% River products 29,800 29,700 29,100 27,500 116,100 30% Hiking products 38,800 37,600 36,900 39,700 153,000 15% Running products 47,700 48,200 49,400 49,900 195,200 25% Biking products 65,400 65,900 66,600 67,300 265,200 20% Totals $263,100 $259,500 $264,300 $269,500 $1,056,400