Burkhardt Company sells mobile phones worldwide. The company expects to sell 4,500 mobile phones for $175 each in January and 3,900 mobile phones for $190 each in February. All sales are cash only. Burkhardt expects cost of goods sold to average 50% of sales revenue. The company expects to sell 4,400 mobile phones in March for $240 each. Burkhardt's target ending inventory is $9,000 plus 60% of the next month's cost of goods sold. 1. Prepare the sales budget for January and February. 2. Prepare the company's cost of goods sold, inventory, and purchases budget for January and February. Burkhardt Company sells mobile phones worldwide. The company expects to sell 4,500 mobile phones for $175 each in January and 3,900 mobile phones for $190 each in February. All sales are cash only. Burkhardt expects cost of goods sold to average 50% of sales revenue. The company expects to sell 4,400 mobile phones in March for $240 each. Burkhardt's target ending inventory is $9,000 plus 60% of the next month's cost of goods sold. 1. Prepare the sales budget for January and February. 2. Prepare the company's cost of goods sold, inventory, and purchases budget for January and February