Potts, Inc., bottles and distributes mineral water from the company's natural springs in northern Oregon. Potts markets two products: 12-ounce disposable plastic bottles and 1-gallon reusable plastic containers. Read the requirements, Requirement 1. For 2018, Potts marketing managers project monthly sales of 420,000 12-ounce bottles and 190,000 1-gallon containers. Average selling prices are estimated at $0.80 per 12-ounce bottle and $1.80 per 1-gallon container. Prepare a revenues budget for Potts, Inc., for the year ending December 31, 2018. Revenues Budget For Year Ending December 31, 2018 Requirements Units Price Total 12-oz. bottles 1-gallon containers Budgeted revenues 1. For 2018, Potts marketing managers project monthly sales of 420,000 12-ounce bottles and 190,000 1-gallon containers. Average selling prices are estimated at $0.80 per 12-ounce bottle and $1.80 per 1-gallon container. Prepare a revenues budget for Potts, Inc., for the year ending December 31, 2018 2. Potts begins 2018 with 980,000 12-ounce bottles in inventory. The vice president of operations requests that 12-ounce bottles ending inventory on December 31, 2018, be no less than 620,000 bottles. Based on sales projections as budgeted previously, what is the minimum number of 12-ounce bottles Potts must produce during 2018? 3. The VP of operations requests that ending inventory of 1-gallon containers on December 31, 2018, be 230,000 units. If the production budget calls for Potts to produce 1,800,000 1-gallon containers during 2018, what is the beginning inventory of 1-gallon containers on January 1, 2018