1. Morgan Company produces and sells laptop computers. It had 2,000 computers in finished goods inventory at the end of the last year. The company expects to sell 20,000 computers and would like to complete operations in this year with at least 2,500 completed computers in inventory. There is no ending work-in-process inventory in either year. The laptop computers sell for $2,000 each. Prepare the sales budget for the year. (5 points)