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Sweeney Electronics sells tablets. Its sales budget for the nine months ended September 30 follows: (Click the icon to view the budpet.) (1) (Click the icon to view additional information.) Requirement Propare a cost of goods sold, imventory, and purchases budget for each of the first three quarters of the year. Compute cost of goods sold for the entire nine-month period. (Round amounts to the nearest whole dollar.) Data table More info In the past, cost of goods sold has been 65% of total sales. The director of marketing and the financial vice president agree that each quarter's ending inventory should not be below $5,000 plus 20% of cost of goods sold for the following quarter. The marketing director expects sales of $200,000 during the fourth quarter. The January 1 inventory was $18,000