Bonita Enterprises is a boutique guitar manufacturer. The company produces both acoustic and electric guitars for rising and established professional musicians. Jennifer Davis, the company's sales manager, prepared the following sales forecast for 2022. The forecasted sales prices include a 5% increase in the acoustic guitar price and a 10% increase in the electric guitar price, to cover anticipated increases in raw materials prices. Sales Price $1,250 $2,050 1st Quarter 230 400 2nd Quarter 290 Acoustic guitar sales Electric guitar sales 3rd Quarter 320 320 4th Quarter 340 350 360 On December 31, 2021, Bonita had 30 acoustic guitars in stock-fewer than the desired inventory level of 92 guitars, based on the following quarter's sales. The company has budgeted for sales of 240 acoustic guitars in the first quarter of 2023. Prepare the 2022 production budget for acoustic guitars. Production Budget 2nd Quarter 3rd Quarter 1st Quarter On December 31, 2021, Bonita had 30 acoustic guitars in stock-fewer than the desired inventory level of 92 guitars, based on the following quarter's sales. The company has budgeted for sales of 240 acoustic guitars in the first quarter of 2023. Prepare the 2022 production budget for acoustic guitars. Production Budget 2nd Quarter 3rd Quarter arter 4th Quarter Annual