In 2017, Cole & Sons, a small environmental-testing firm, performed 12,400 radon tests for $260 each and 16,600 lead tests for $220 each. Because newer homes are being built with lead-free pipes, lead-testing volume is expected to decrease by 9% next year. However, awareness of radon-related health hazards is expected to result in a 7% increase in radon-test volume each year in the near future. Jim Cole feels that if he lowers his price for lead testing to $210 per test, he will have to face only a 6% decline in lead-test sales in 2018. Read the requirements. Requirements Requirement 1. Prepare the sales budget for Cole & Sons assuming that prices are held at 2017 levels. Sales Budget For the Year Ended December 31, 2018 1. Prepare a 2018 sales budget for Cole & Sons assuming that Cole holds prices at 2017 levels. 2. Prepare a 2018 sales budget for Cole & Sons assuming that Cole lowers the price of a lead test to $210. Should Cole lower the price of a lead test in 2018 if the company's goal is to maximize sales revenue? Radon tests Lead tests Total Total revenues Print Done