Porch, Inc., bottles and distributes mineral water from the company's natural springs in northern Oregon. Porch markets two products: 12-ounce disposable plastic bottles and 1-gallon reusable plastic containers. Required Requirement 1. For 2021, Porch marketing managers project monthly sales of 440,000 twelve-ounce bottles and 140,000 one-gallon containers. Average selling prices are estimated at $0.50 per twelve-ounce bottle and $1.10 per one-gallon container. Prepare a revenues budget for Porch, Inc., for the year ending December 31, 2021. 12-oz. bottles Revenues Budget For the Year Ending December 31,2021 1-gallon containers Budgeted revenues Units Price Total Requirement 2. Porch begins 2021 with 970,000 twelve-ounce bottles in inventory. The vice president of operations requests that twelve-ounce bottles ending inventory on December 31, 2021, be no less than 660,000 bottles. Based on sales projections as budgeted previously, what is the minimum number of twelve-ounce bottles Porch must produce during 2021? The minimum number of 12-ounce bottles Porch must produce during 2021 is Requirement 3. The vice president of operations requests that ending inventory of one-gallon containers on December 31, 2021, be 270,000 units. If the production budget calls for Porch to produce 1,700,000 one-gallon containers during 2021, what is the beginning inventory of one-gallon containers on January 1, 2021? The beginning inventory of 1-gallon containers, in units, is on January 1, 2021. 1. For 2021, Porch marketing managers project monthly sales of 440,000 twelve-ounce bottles and 140,000 one-gallon containers. Average selling prices are estimated at $0.50 per twelve-ounce bottle and $1.10 per one-gallon container. Prepare a revenues budget for Porch, Inc., for the year ending December 31, 2021. 2. Porch begins 2021 with 970,000 twelve-ounce bottles in inventory. The vice president of operations requests that twelve-ounce bottles ending inventory on December 31, 2021, be no less than 660,000 bottles. Based on sales projections as budgeted previously, what is the minimum number of twelve-ounce bottles Porch must produce during 2021? 3. The vice president of operations requests that ending inventory of one-gallon containers on December 31, 2021, be 270,000 units. If the production budget calls for Porch to produce 1,700,000 one-gallon containers during 2021, what is the beginning inventory of one-gallon containers on January 1, 2021?