At January 1, 2022, Concord Corporation has beginning inventory of 2500 surfboards. Concord estimates it will sell 12000 units during the first quarter of 2022 with a 12% increase in sales each for the following quarters. Concords policy is to maintain an ending finished goods inventory equal to 25% of the next quarters sales. Each surfboard costs $110 and is sold for $150. What is the budgeted sales revenue for the third quarter of 2022?