At January 1, 2022, Swifty Corporation has beginning inventory of 4000 surfboards, Swifty estimates it will sell 11000 units during the first quarter of 2022 with a 12% increase in sales each for the following quarters. Swifty's policy is to maintain an ending finished goods inventory equal to 25% of the next quarter's sales. Each surfboard costs $120 and is sold for $175. What is the budgeted sales revenue for the third quarter of 2022? O $13798 O $2581250 O $656250 O $2414720 On January 1. Concord Corporation has a beginning cash balance of $46000. During the year, the company expects cash disbursements of $420000 and cash receipts of $340000. If Concord requires an ending cash balance of $38000, the company must borrow O $69000. O $72000 O $126000. O $38000