At January 1, 2022, Sheridan, Inc. has beginning inventory of 4600 widgets. Sheridan estimates it will sell 42000 units during the first quarter of 2022 with a 5% increase in sales each quarter. Sheridan's policy is to maintain an ending inventory equal to 10% of the next quarter's sales. Each widget costs $2 and is sold for $4. How much is budgeted sales revenue for the third quarter of 2022?

$185220

$168000

$46305

$167080