Waterway Company produces and sells automobile batteries, the heavy-duty HD-240. The 2022 sales forecast is as follows. The January 1, 2022, inventory of HD-240 is 2,040 units. Management desires an ending inventory each quarter equal to 40% of the next quarter's sales. Sales in the first quarter of 2023 are expected to be 25% higher than sales in the same quarter in 2022. Prepare quarterly production budgets for each quarter and in total for 2022. WATERWAY COMPANY Production Budget For the Quarter Ended December 31, 2022 Product HD-240 Quarter 1 Add : Less : 2 3 Product HD-240 Quarter 2 3 Media Beginning Direct Materials Beginning Finished Goods Unit Total Materials Required Required Production Units Total Required Units Desired Ending Direct Materials Expected Unit Sales Direct Materials Purchases Desired Ending Finished Goods Unit Direct Materials Per Unit