Watenvay Compary is preparin e its master budget for 2022. Relevant data pertalnine to its sales, probucticn dend diect inaherble budgetr are as followh. inthe fourth quarter. Sules in the firit qualer of 2023 are apected to be 15s higher than the busteted ules fer the firt depirterel 2022 . Preductien Manabement desires fo maintain the endirs hakhed goods inentaries at 25 of the ocat quarter's budected ules volume Assume the production reculrements for frst culeter of 2003 are 450000 powhd Prepare the sales production znd diect maderiale budgets hy Gagers for 2022 . Prepme the sales, production, and direct materials budgets by evarters tor 2022