At January 1, 2016, Waterway Industries has beginning inventory of 1500 surfboards. Waterway estimates it will sell 5000 units during the first quarter of 2016 with a 12% increase in sales each quarter. Waterways policy is to maintain an ending inventory equal to 25% of the next quarters sales. Each surfboard costs $100 and is sold for $150. How much is budgeted sales revenue for the third quarter of 2016?

A. $940800

B. $6272.00

C. $993750

D. $243750