137 Exercise 4-24 The Sonia Company has two product lines, high-speed printers and electronic typewriters. The company's market research department prepared the following sales forecast for the coming year, 2021. Electronic Typewriters Industry's total sales forecast 170,000 Company's share in the market 10% Sales price per unit P3,000 High-speed Printers 40.000 25% P5,000 The sales force submitted the following estimates: Luzon Visayas Mindanao Total Electronic Typewriters 3,600 8,400 3,000 15,000 High-speed Printers 2,400 6,000 3,600 12,000 To establish an acceptable forecast, the budget director averages the two estimates. The resulting forecast is then broken down by territories in the same ratio as reflected in the estimates of the sales forecast. REQUIRED: 1. Prepare a sales budget by sales territory and by product lines for the year 2021. Use the following format: Sonia Company Sales Budget For the Year Ending Dec 31, 2021 Electronic Typewriters Units Amount High-speed Printers Units Amount Luzon Visayas Mindanao Total