At January 1, 2022, Sheridan Company has beginning inventory of 2000 surfboards. Sheridan estimates it will sell 10000 units during the first quarter of 2022 with a 12% increase in sales each for the following quarters. Sheridan's policy is to maintain an ending finished goods inventory equal to 25% of the next quarter's sales. Each surfboard costs $100 and is sold for $175. What is the budgeted sales revenue for the third quarter of 2022 ? $2195200$12544$2275000$525000