QUESTION #1 (3 marks) At January 1, 2012, Jake, Inc. has beginning inventory of 3,000 surfboards. Jake estimates it will sell 14,000 units during the first quarter of 2012 with a 10% increase in sales each quarter. Jake's policy is to maintain an ending inventory equal to 20% of the next quarter's sales. Each surfboard costs $140 and is sold for $200. units. Please provide How many units should Jake produce during the first quarter of 2012? calculations with proper labels. (2 marks) jake Inc