Hoffman anticipates selling the following in the first quarter of the year following the year given in the preceding table: \begin{tabular}{|l|c|} \hline Sales in units (jars) & 223,000 \\ \hline Sales revenue & $260 , 000 \\ \hline \end{tabular} Hoffman has a policy that the ending inventory of jars must be: 30% of the following quarter's sales Use the blue shaded areas on the ENTERANSWERS tab for inputs. Always use cell references and formulas where appropriate to receive full credit. If you copy/paste from the Instructions tab or if you type the numbers in, you will be marked wrong. Use cell references from prior calculations, if applicable. Requirement 1 Prepare a production budget for the year that shows the number of jars to be produced each quarter and for the year in total. a. Enter all amounts as positive values. Do NOT use parentheses or a minus sign for amounts to be subtracted. Saving \& Submitting Solution 1 Save file to desktop. a. Create folder on desktop, and label COMPLETED EXCEL PROJECTS 2 Upload and submit your file to be graded. a. Navigate back to the activity window - screen where you downloaded the initial spreadsheet b. Click Choose button under step 3; locate the file you just saved and click Open c. Click Upload button under step 3 d. Click Submit button under step 4 Viewing Results 1 Click on Results tab in MyAccountingLab 2 Click on the Assignment you were working on 3 Click on Project link; this will bring up your Score Summary 4 Within Score Summary window, click on Download (upper right) to download the spreadsheet with feedback