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Pronghorn Industries had sales in 2016 of $7,200,000 and gross prot of $1,158,000. Management is considering two alternative budget plans to increase its gross prot in 2017. Plan A would increase the selling price per unit from $3.00 to $8.40. Sales volume would decrease by 10% from its 2016 level. Plan B would decrease the selling price per unit by $0.50. The marketing department expects that the sales volume would increase by 111,000 units. At the end of 2016. Pronghorn has 40,000 units of inventory on hand. If Plan A is accepted, the 2017 ending inventory should be equal to 5% of the 2017 sales. If Plan B is accepted,the ending inventory should be equal to 63,000 units. Each unit produced will cost $1.30 in direct labor, $1.40 in direct materials, and $1.20 in variable overhead. The xed overhead for 2017 should be $ 1, 500,000. (3) Prepare a sales budget for 2017 under each plan. [Round Unit sellingr price answers to 2 decimal places, e.g. 52.70.) PRONGHORN INDUSTRIES Sales Budget Plan A Plan B Expected unit sales Unit selling price $ $- Total sales 5 $