9. Heart & Soul Music Store expects to sell 20,000 CDs in the first four months of business in 20X1. Each CD sells for $12 and costs $8. Management wants to prepare an operating budget for the first fiscal quarter (Q1). Q1 consists of January, February, and March. Monthly sales are projected to be as follows: 20x1 January February March April Expected sales in units) 2,500 4,000 7,500 6,000 a. Prepare a monthly sales forecast in dollars for Q1 (January, February, and March). b. Prepare a monthly contribution margin statement for Q1. c. Assume that for Heart & Soul's operations, ending inventory is projected to be 80 percent of next month's sales. Assume the company started 20X1 with 2,000 CDs in its inventory. How many CDs does the company need to buy in each month of Q1? d. What is the cost of inventory purchases for each month