2. Jolly Company produces hula hoops. Jolly Company has the following sales projections for the upcoming year: First quarter budgeted hula hoop sales in units 22.100 Second quarter budgeted hula hoop sales in units 28,000 Third quarter budgeted hula hoop sales in units 22.000 Fourth quarter budgeted hula hoop sales in units 30,000 Jolly Company wants to have 25% of the next quarter's sales in units on hand at the end of each quarter. Inventory at the beginning of the year was 5,525 hula hoops. How many hula hoops should Jolly Company produce during the first quarter? A) 34,625 B) 23,575 C) 16,575 D) 22,100 It line of nonducts