Problem:
Tyrus Company had sales of 15,000 units of its only product in the first quarter of 2007. In the first quarter of 2008, Tyrus anticipates selling 20% more units than it sold in the first quarter of 2007, with a selling price of $68 per unit.
What is the amount of sales revenue that will appear in the budgeted income statement for the first quarter of 2008?