At January 1, 2019. Coronado Industries has beginning inventory of 2500 surfboards. Coronado estimates it will sell 7000 units during the first quarter of 2019 with a 12% increase in sales each quarter. Coronado's policy is to maintain an ending inventory equal to 25% of the next quarter's sales. Each surfboard costs $100 and is sold for $150. How much is budgeted sales revenue for the third quarter of 2019? $8780.80 $356250 $1317120 1406250