A municipal securities firm based in New York places the following advertisement in the local newspaper: State of New York bonds are a great investment for residents of the Tri-State area (New York, New Jersey and Connecticut), since the income is triple tax exempt. What is true regarding this advertising claim?

mary's baskets company expects to manufacture and sell 30,000 baskets in 2019 for $5 each. there are 4,000 baskets in beginning finished goods inventory with target ending inventory of 4,000 baskets. the company keeps no work-in-process inventory. what amount of sales revenue will be reported on the 2019 budgeted income statement?