Executive officers of Munoz Company are wrestling with their budget for the next year. The following are two different sales estimates provided by two difference sources. Source of Estinate Sales manager Marketing consultant First Quarter $378,000 528,000 Second Quarter $317,000 458,000 Third Fourth Quarter $273,000 419,000 Quarter $474,000 647,000. Munoz'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 ending inventory. This year's ending inventory is $30,000. Next year's ending inventory is budgeted to be $31,000. 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. Required A Required B Prepare an inventory purchases budget using the sales manager's estimate. (Round your final answers to nearest whole dollar amount.) Sales Cost of goods sold Manufacturing expenses Purchases Sales Sales return First Quarter Second Quarter Third Quarter Fourth Quarter $ 378,000 $ 317,000 $ 273,000 $ 474,000 Required A Required B > Che Required A Required B Saved Help Prepare anventory purchases budget using the marketing consultant's estimate. (Round your final answers to neare whole dollar amount.) Sales Total inventory needed Required purchases First Quarter Second Quarter Third Quarter Fourth Quarter $ 528,000 $ 458,000 $ 419,000 $ 647,000 0 0 $ 0 $ $ < Required A Required B> 0 0 0 $ 0