Assume that Stillwater Designs produces two automotive subwoofers: 512L7 and 512L5. The 512L7 sells for $689, and the 512L5 sells for $435. Projected sales (number of speakers) for the conting five quarters are as follows: The vice president of sales believes that the projected sales are realiatic and can be achieved by the company, Required: Prepare a sales budget for esch quarter of 20y1 and for the year in total. Show sales by product and in total for each time period. Do not include a multiplication symbol as part of your answer. How will Sthwater Designs use this sales budget? 1. Stilwater Besigns will ve the sales budget in planning as the basis for the production budget. 2. The compary can also compare actual sales against the budget to see if expectations were achieved. 3. Both 1 and 2 4. None of the above