The Trolley Toy Company manufactures toy building block sets for children. Trolley is planning for 2025 by developing a master budget by quarters. Trolley's balance sheet for December 31, 2024, follows: (Click the icon to view the balance sheet.) Other budget data for Trolley Toy Company: i (Click the icon to view the other data.) Read the requirements. Requirement 1. Prepare Trolley's operating budget and cash budget for 2025 by quarter. Required schedules and budgets include: sales budget, production budget, direct materials budget, direct labor budget, manufacturing overhead budget, cost of goods sold budget, selling and administrative expense budget, schedule of cash receipts, schedule of cash payments, and cash budget. Manufacturing overhead costs are allocated based on direct labor hours. (Round all calculations to the nearest dollar.) Begin by preparing the sales budget. Trolley Toy Company Sales Budget For the Year Ended December 31, 2025 First Second Third Fourth Quarter Quarter Quarter Quarter Total Budgeted sets to be sold 1,400 1,550 1,700 1,850 6,500 Sales price per unit $ 90 $ 90 $ 90 $ 90 $ 90 126,000 $ 139,500 || $ 153,000 || $ 166,500 || $ 585,000 Total sales