GRYWIR Exercise 13-32 (Algo) Estimate Purchases and Cash Disbursements (LO 13-4,5) Midland Company buys tiles and prints different designs on them for souvenir and gift stores. It buys the tiles from a small company in Europe, so at all times it keeps on hand a stock equal to the tiles needed for three months sales. The tiles cost $100 each and must be paid for in cash. The company has 28,000 tiles in stock. Sales estimates, based on contracts received, are as follows for the next six months: January February March April May June 13,000 13,700 14,000 13, 900 9, 100 7.200 Required: a. & b. Estimate purchases fin units) and cash required to make purchases in January, February, and March MIDLAND COMPANY Merchandise Purchases Budget For the Period Ended March 31 in units