Company policy is to plan to end each month with an ending inventory equal to 20 percent of the next month's projected sales. Jaime's pays $8 for each hat that it purchases. Jaime and his supplier have an arrangement that allows Jaime's Hat Shop to pay for each purchase 60 days after the purchase. Prepare a purchases budget for the third quarter of this year for Jaime's Hat Shop. Company policy is to plan to end each month with an ending inventory equal to 20 percent of the next month's projected sales. Jaime's pays $8 for each hat that it purchases. Jaime and his supplier have an arrangement that allows Jaime's Hat Shop to pay for each purchase 60 days after the purchase. Prepare a purchases budget for the third quarter of this year for Jaime's Hat Shop