Design Lighting Supply plans inventory levels (at cost) at the end of each month as follows: May, $274,000; June, $225,000; July, $202,000, and August, $249,000. Sales are expected to be June, $450,000; July, $354,000; and August, $318,000. Cost of goods sold is 65% of sales. Purchases in April were $262.000 and in May they were $180,000. Payments for each month's purchases are made as follows: 20% during that month, 60% the next month, and the final 20% the next month. Requirement 1. Prepare budget schedules for June, July, and August for purchases and for disbursements for purchases. Prepare budget schedules for June, July, and August for purchases. June July August Purchases budget Desired ending inventory Plus: Cost of goods sold Total merchandise needed Less: Beginning inventory Required purchases Prepare budget schedules for June, July, and August for disbursements for purchases. (Round your answers to the nearest whole dollar.) June July August Disbursements for purchases 20 % of this months purchases 60 % of last months purchases 20 % of second-last months purchases Disbursements for purchases