Red Canyon T-shirt Company operates a chain of T-shirt shops in the southwestern United States. The sales manager has provided a sales forecast for the coming year, along with the following information: Quarter 11Quarter 21Quarter3 32,000 Quarter 4 64,000 Budgeted Unit Sales 42,000 64,000 Each T-shirt is expected to sell for $17. The purchasing manager buys the T-shirtsfor $7 each. The company needs to have enough T-shirts on hand at the end of each quarter to fill 27 percent of the next quarter's sales demand. Selling and administrative expenses are budgeted at $84,000 per quarter plus 14 percent of total sales revenue. Required: 1. Determine budgeted sales revenue for each quarter Quarter 1 Quarter 2 Quarter 3 Budgeted Sales Revenue