Help The executive management team of Yoda Company is discussing their budget for the next year. They decided to break into two smaller teams to provide sales estimates for the larger group to consider. The estimates provided for consideration are listed below. Entimate Team 1 Team 2 Pirat Quarter $386,000 523,000 Second Quarter $320,000 451,000 Third Quarter $275,000 408,000 Fourth Quarter $471,000 651,000 Yoda's past experience indicates that cost of goods sold is about 60 percent of sales revenue. The company tries to maintain 20 percent of the next quarter's expected cost of goods sold as the current quarter's ending inventory. This year's ending inventory is $33,000. Next year's ending inventory is budgeted to be $34,000. Required a. Prepare an inventory purchases budget using the Team 1 estimate. b. Prepare an inventory purchases budget using the Team 2 estimate. Complete this question by entering your answers in the tabs below. Required A Required B Prepare an inventory purchases budget using the Team 1 estimate. (Round your final answers to nearest whole dollar amount.) First Quarter Second Third Quarter Quarter 386,000 $ 320,000 $ 275,000 Fourth Quarter $ 471,000 Sales