BBB Pty Ltd has provided you with the following details about their single product. Table 30 Sales budget extract for the quarter ended 31 December. Value of sales Oct Nov Dec Jan $24,000 $28,000 $32,000 $26,400 The inventory budget states that stock on hand at the end of each month should be equal to 30% of the next month's sales. Stock on hand at 1st Oct is expected to agree with this. The mark-up on cost is 60%. 1. Open the excel file FNSACC412_SW_10f1_SR1, select the worksheet Activity 2.9 2. Using the template on worksheet Activity 2.9, prepare a purchases budget in dollars for the quarter ended 31st December. 3. Prepare the statement of the budgeted cost of goods sold for the quarter.