1. ABC ltd plans for the production of the bottles in the next year ending in December 2020. It forecasted sales to be $ 5,000 in quarter 1, $ 6,000 in quarter 2, $7,000 in quarter 3 and $ 8,000 in quarter 4, where the selling price of for first two quarters is estimated to be $ 6 and for quarter 3 and for quarter 4 to be $7 by the manager of the company. Also, the sales discount and allowance percentage will be 2% of gross sales for all the quarters. Prepare the sales budget of the company for the year ending in 2020