Fillion Company sells mobile phones worldwide. The company expects to sell 4,800 mobile phones for $175 each in January and 4,200 mobile phones for $215 each in February. All sales are cash only. Fillion expects cost of goods sold to average 60% of sales revenue. The company expects to sell 4,500 mobile phones in March for $260 each. Fillion's target ending inventory is $13,000 plus 60% 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. January repruary Iotal Unit sales (mobile phones) 4,800 $ 175.00 $ Multiply by: Unit selling price $ 840,000 $ 4,200 215.00 903,000 $ 1,743,000 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.) Cost of goods sold Fillion Company Inventory, Purchases, and Cost of Goods Sold Budget For the Months Ended January and February January February Plus: Desired ending inventory Total inventory required Less: Beginning inventory Purchases