Waterway Enterprises is a boutique guitar manufacturer. The company produces both acoustic and electric guitars for rising and

established professional musicians. Nancy Jackson, the company's sales manager, prepared the following sales forecast for $2022.$ The

forecasted sales prices include a $5\%$ increase in the acoustic guitar price and a $10\%$ increase in the electric guitar price to cover anticipated increases in raw materials price.

On December $31,2021,$ W budgeted for sales of $240$ acoustic guitars in the first quarter ofaterway had $30$ acoustic guitars in stock$-$fewer than the desired inventory level of $100$ guitars,

based on the following quarter's sales. The company has budget for sales of $240$ acoustics guitars in the $1$st quarter of $2023.$

Prepare the $2022$ production budget for acoustic guitars.