• Chegg is closing its books for the year ended 12/31 X4. You are aware the Management of Chegg has an aggressive attitude toward achieving both their budgeted annual sales and budgeted net income. Historically, Chegg's sales tend to be spread fairly uniformly throughout the year (i.e. Chegg is not a seasonal business). Also, in recent years, Chegg's sales have been increasing about 20% per year.
• You note the following calendar quarterly sales for the year-end 12/31/X4 and the two prior years 12/31/X2 & 12/31/X3.

Calendar Year Ending	$ Sales in Quarter Ending March 31st	$ Sales in Quarter Ending June 30th	$ Sales in Quarter Ending September 30th	$ Sales in Quarter Ending December 31st
12/31/X2	$1,040,000	$970,000	$1,020,000	$1,030,000
12/31/X3	$1,210,000	$1,230,000	$1,260,000	$1,280,000
12/31/X4	$2,100,000	$2,300,000	$2,700,000	$3,400,000