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Problem D5-31 Sheridan Enterprises is a boutique guitar manufacturer. The company produces both acousticand electric guitars for rising and esta blished professional musicians Vanessa Aaron,

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Problem D5-31 Sheridan Enterprises is a boutique guitar manufacturer. The company produces both acousticand electric guitars for rising and esta blished professional musicians Vanessa Aaron, the company's sales manager, prepared the following sales forecast for 2018.The forecasted sales prices include a 5% increase in the acoustic guitar price and a 10% increase in the electric guitar price, to cover anticipate d increases in raw materials prices. 1st Quarter 2ndQuarter Quarter 4"Quarter Price Acoustic guitar $1,220 sales Electric guitar $2,370 200 270 290 350 400 340 320 370 sales Prepare Sheridan's sales budget tor 2018 Sales Budget 1t Quarte 2nd Quarte 3rd Quarte 4th Quarte Annual Acoustic: Electric

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