At January 1, 2017, Wallace, Inc. has beginning inventory of 4,000 widgets. Wallace estimates it will sell 35,000 units during the first quarter of 2017 with a 10% increase in unit sales each quarter. Wallace's policy is to maintain an ending inventory equal to 25% of the next quarter's sales. Each widget costs $1 to purchase and is sold for $1.50. How much is budgeted sales revenue for the third quarter of 2017?