Assume that \$ullwater Designs produces two automotive subwoofers: $12L7 and $12L5. The $12L7 sells for $637, and the $12L5 sells for $402. Projected sales (number of speakers) for the coming flve quarters are as follows: The vice president of sales believes that the projected sales are reallstic and can be achieved by the company. Required: Prepare a sales budget for each quarter of 20r1 and for the year in total- Show sales by product and in total for each time period, Do not include a multiplication symbo as part of your answer. Prepare a sales budget for each quarter of 20r1 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 stliwater Designs use this gales budiget? 1. Stillwater Designs will use the sates budget in planning as the basis for the production budget. 2. The company can also compare actual sales against the budget to see if expectations were achieved. 3. Both 1 and 2 4. None of the above