At the beginning of the year, Axlerod had beginning inventory of 2,000 surfboards. Axelrod estimates it will sell 5,000 units during the first quarter of the current year, with a 10% increase in sales each quarter. It is Axelrod's policy to maintain an ending inventory equal to 20% of the next quarter's budgeted sales. Each surfboard costs $250 to produce and sold for $325. How much is the budgeted sales revenue for the third quarter of the current year? Select one: a $1,512,500 b. $1,787,500 C. $907,500 d. $1,625,000 e. $1,966 250