Question 17 (3.5 points) Grandma's cake Company expects to produce and sell 50,000 cakes in 2018 for $5.16 each. There are 4,000 cakes in beginning finished goods inventory with target ending inventory of 4,000 cakes. The company keeps no work-in-process inventory. What amount of sales revenue will be reported on the 2018 budgeted income statement? A) $254,000 B) $250,000 C) $246,000 D) $258,000