Executive officers of Zachary 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 $377,000 522,000 Second Quarter $303,000 462,000 Third Quarter $272,000 415,000 Fourth Quarter $485,000 650,000 Zachary's past experience indicates that cost of goods sold is about 60 percent of sales revenue. The company tries to maintain 15 percent of the next quarter's expected cost of goods sold as the current quarter's ending inventory. This year's ending inventory is $32,000. Next year's ending inventory is budgeted to be $33,000. 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.) First Quarter $ 377,000 Second Quarter $ 303,000 Third Quarter TH $ 272,000 Fourth Quarter $ 485,000 Sales Cost of goods sold Plus: Desired ending inventory Total inventory needed 0 0 0 Required purchases $ 0 $ 0 $ 0 $ 0 Required A Required B > Prepare an inventory purchases budget using the marketing consultant's estimate. (Round your final answers to nearest whole dollar amount.) Second First Quarter $ 522,000 Third Quarter 415,000 Fourth Quarter $ 650,000 Sales $ 462,000 $ Total inventory needed Required purchases 0 $ 0 $ 0 $ 0