10.00 points Lakeside Components wishes to purchase parts in one month for sale in the next. On June 1, the company has 11,000 parts in stock, although sales for June are estimated to total 11,600 parts. Total sales of parts are expected to be 9,900 in July and 11,600 in August Parts are purchased at a wholesale price of $15. The supplier has a financing arangement by which Lakeside Components pays 50 percent of the purchase price in the month when the parts are delivered and 50 percent in the following month. Lakeside purchased 14,000 parts in May Required a. Estimate purchases (in units) for June and July Merchandise to be purchased b. Estimate the cash required to make purchases in June and July June July