Bonita Company estimates that 2022 sales will be $46,400 in quarter 1, $55,680 in quarter 2, and $67,280 in quarter 3. Cost of goods sold is 50% of sales. Management desires to have ending merchandise inventory equal to 10% of the next quarter's expected cost of goods sold. Prepare a merchandise purchases budget by quarter for the first 6 months of 2022. LA $ EA BONITA COMPANY Merchandise Purchases Budget 1 Quarter +A $ $ 2 CA $ BONITA COMPANY Merchandise Purchases Budget $ 1 Quarter $ $ $ +A 2 Six Months $ +A.