Can you please assist me with the attached document?

I have completed section A and it is correct but I needed assistance with section B.

Please feel free to correct what I was working on. Thanks.

Exercise 21-20 (Part Level Submission) In May 2017, the budget committee of Grand Stores assembles the following data in preparation of budgeted merchandise purchases for the month of June. 1. Expected sales: June $507,300, July $608,800. 2. Cost of goods sold is expected to be 75% of sales. 3. Desired ending merchandise inventory is 30% of the following (next) month's cost of goods sold. 4. The beginning inventory at June 1 will be the desired amount. (a) Your answer is correct. Compute the budgeted merchandise purchases for June. (Round answers to the nearest whole dollar, e.g. 5,275.) GRAND STORES Merchandise Purchases Budget For the Month Ending J une 30, 2017 Budgeted Cost of Goods Sold $ 380,475 Add 136,980 : Desired Ending Merchandise Inventory Total Materials Required 517,455 Less 114,143 : Beginning Merchandise Inventory Required Merchandise Purchases Click if you would like to Show Work for this question: SHOW SOLUTION SHOW ANSWER LINK TO TEXT $ 403,313 Open Show Work Attempts: 1 of 3 used (b) Prepare the budgeted multiple-step income statement for June through gross profit. GRAND STORES Budgeted Income Statement J une 30, 2017 $ Expected Sales Budgeted Cost of Goods Sold Budgeted Gross Profit $ Click if you would like to Show Work for this question: LINK TO TEXT Open Show Work