In 2020, Alderman & Sons, a small environmental-testing firm, performed 10,800 radon tests for $300 each and 15,200 lead tests for $230 each. Because newer homes are being built with lead-free pipes, lead-testing volume is expected to decrease by 12% 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 Alderman feels that if he lowers his price for lead testing to $210 per test, he will have to face only a 5% decline in lead-test sales in 2021. Read the requirements. Requirement 1. Prepare the sales budget for Alderman & Sons assuming that prices Sales Budget For the Year Ended December 31, 2021 Radon tests Lead tests Total Requirements Total revenues 1. Prepare a 2021 sales budget for Alderman & Sons assuming that Alderman holds prices at 2020 levels. 2. Prepare a 2021 sales budget for Alderman & Sons assuming that Alderman lowers the price of a lead test to $210. Should Alderman lower the price of a lead test in 2021 if the company's goal is to maximize sales revenue? Print Done