At January 1, 2019, Marigold Corp. has beginning inventory of 2000 surfboards. Marigold estimates it will sell 9000 units during the first quarter of 2019 with a 12% increase in sales each quarter. Marigold'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? $1693440 $11289.60 1762500 $412500