E9-19A (similar to): Production Budget Cleary Foods produces specialty soup sold in jars. The projected sales in dollars and jars for each quarter of the upcoming year are as follows: Total sales revenue Number of jars sold 1st quarter $180,000 152,500 2nd quarter $211,000 182,000 3rd quarter $258,000 215,000 4th quarter $197,000 162,000 Cleary anticipates selling 224,000 jars with total sales revenue of $268,000 in the first quarter of the year following the year given in the preceding table. Cleary has a policy that the ending inventory of jars must be 25% of the following quarter's sales. Requirement: Prepare a production budget for the year that shows the number of jars to be produced each quarter and for the year in total