Executive officers of Adams Company are wrestling with their budget for the next year. The following are two different sales estimates provided by two difference sources Source of Estimate Sales manager Marketing Consultant First Quarter $382, 518.ee Second Quarter $33,000 465,000 Third Quarter $288. 49,00 Fourth Duarter 3471 53, aaa Adams's past experience indicates that cost of goods sold is about 60 percent of sales revenue. The company tries to maintain 10 percent of the next quarter's expected cost of goods sold as the current quarter's anding inventory. This year's ending inventory is $34,000 Next year's ending inventory is budgeted to be $35.000 Required a. Prepare an inventory purchases budget using the sales manager's estimate. b. Prepare an inventory purchases budget using the marketing consultants estimate Complete this question by entering your answers in the tabs below. Required Required B Prepare an inventory purchases budget using the sales manager's estimate. (Round your final answers to nearest whole dobar amount) Sales First Quarter Second Fourth Quarter Third Quarter Quarter 5 382.000$ 303,000 5 288,000S 471,000 Total inventory needed 0 a Requr purchases 3 05 05 Required B > tabs below. Required Requita Prepare an inventory purchases budget using the marketing consultant's estimate. Round your final answers to neare whole dollar amount Sales First Quarter Second Fourth Quarter Third Quarter Quarter $ 518,000 $ 465.000 5 409,000 $ 653,000 Total inventory needed 0 0 Required purchases 0 $ 0S DI 5 0 $