At January 1, 2019, Sunland Company has beginning inventory of 1000 surfboards. Sunland estimates it will sell 12000 units during the first quarter of 2019 with a 12% increase in sales each quarter. Sunlands 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 2019?

$2257920

$487500

$15052.80

2287500