Jacob Long, the controller of Arvada Corporation, is trying to prepare a sales budget for the coming year. The income statements for the last four quarters follow:

$\backslash$table$[[\backslash$table$[[$Sales revenue$],[$Cost of goods sold$],[$Gross profit$],[$Selling & administrative expenses$],[$Net income$]],\backslash$table$[[$First Quarter$],[$$$186,000$