At January 1, 2022, Sheffield, Inc. has beginning inventory of 4700 widgets. Sheffield estimates it will sell 34000 units during the first quarter of 2022 with a 5% increase in sales each quarter. Sheffield's policy is to maintain an ending inventory equal to 10% of the next quarter's sales. Each widget costs $3 and is sold for $4. How much is budgeted sales revenue for the third quarter of 2022?

Select answer from the options below

$37485

$136000

$149940

$135060