Fillion Company sells mobile phones worldwide. The company expects to sell 4,400 mobile phones for $160 each in January and 4,100 mobile phones for $205 each in February. All sales are cash only. Fillion expects cost of goods sold to average 70% of sales revenue. The company expects to sell 4,000 mobile phones in March for $290 each. Fillion's target ending inventory is $13,000 plus 50% of the next month's cost of goods sold. 1. Prepare the sales budget for January and February. 2. Prepare the company's cost of goods sold, inventory, and purchases budget for January and February. 1. Prepare the sales budget for January and February Fillion Company Sales Budget For the Months Ended January and February January February Total Unit sales (mobile phones) Multiply by: Unit selling price Total sales revenue 2. Prepare the company's cost of goods sold, inventory, and purchases budget for January and February. (Round your answers to the nearest dollar.) Fillion Company 2. Prepare the company's cost of goods sold, inventory, and purchases budget for January and February. (Round your answers to the nearest dollar.) February Fillion Company Inventory, Purchases, and cost of Goods Sold Budget For the Months Ended January and February January Cost of goods sold Plus: Desired ending inventory Total inventory required Less: Beginning inventory Purchases