Assume a merchandising company's estimated sales for January, February and March are $105,000, $125,000, and $115,000, respectively. Its cost of goods sold is always 30% of its sales. The company always maintains ending merchandise inventory equal to 10% of next month's cost of goods sold. What are the required merchandise purchases for January? Multiple Choice O $37,500 $32.100 $35.100 $30.900