The Correct Order of Steps from Beginning to End of Financial

The correct order of steps from beginning to end of financial forecasting using the percentage of sales method is:
1) Estimate future retained earnings.
2) Modify or iterate until the forecast makes sense.
3) Determine the financial policy variables of interest.
4) Set all non-financial policy variables as a percentage of sales.
5) Extrapolate the balance sheet based on the percentage of sales.

A) 1, 2, 3, 4, 5
B) 1, 5, 3, 4, 2
C) 3, 4, 5, 1, 2
D) 4, 3, 5, 1, 2
E) 5, 3, 4, 1, 2