At January 1, 2022, Vaughn, Inc. has beginning inventory of 5100 widgets. Vaughn estimates it will sell 40000 units during the first quarter of 2022 with a 5% increase in sales each quarter. Vaughns policy is to maintain an ending inventory equal to 10% of the next quarters sales. Each widget costs $3 and is sold for $5. How much is budgeted sales revenue for the third quarter of 2022?

$44100

$200000

$220500

$198725