Executive officers of Finch 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 $385,000 521,000 Second Quarter $315,000 453,000 Third Quarter $281,000 413,000 Fourth Quarter $486, 000 643,000 Finch's past experience indicates that cost of goods soldlis about 55 percent of sales revenue. The company tries to maintai 20 percent of the next quarter's expected cost of goods sold as the current quarter's ending inventory. This year's ending inventory is $22,000. Next year's ending inventory is budgeted to be $23,000. Required a. Prepare an inventory purchases budget using the sales manager's estimate. b. Prepare an inventory purchases budget using the marketing consultant's estimate. Complete this question by entering your answers in the tabs below. Required A Required B Prepare an inventory purchases budget using the sales manager's estimate. (Round your final answers to nearest whole dollar amount) Complete this question by entering your answers in the tabs below. Required A Required B Prepare an inventory purchases budget using the sales manager's estimate. (Round your final answers to nearest whole doll amount.) First Quarter Third Quarter Second Quarter $ 315,000 Fourth Quarter $ 486,000 Sales $ 385,000 $ 281,000 Total inventory needed Required purchases Required Required B > Complete this question by entering your answers in the tabs below. Required A Required B Prepare an inventory purchases budget using the marketing consultant's estimate. (Round your final answers to nearest whole dollar amount.) First Quarter Third Quarter Second Quarter $ 453,000 Fourth Quarter 643,000 Sales $ 521,000 413,000 Total inventory needed Required purchases