For questions 31-32, use the information below: Angel Company has the following data: Budgeted sales July 2,200,00 August 2,340,000 September 2,520,000 October 3,200,00 All merchandise are sold at 40% above cost Beginning inventories of each month are budgeted at 25% of the following month's budgeted sale. 31. How much is the projected merchandise purchases for the month of July? the 32. How much is the projected merchandise purchases for month of August