In May 2017, the budget committee of Flint Stores assembles the following data in preparation of budgeted merchandise purchases for the month of June. 1. Expected sales: June $517,600, July $608,600. 2. Cost of goods sold is expected to be 75% of sales. 3, Desired ending merchandise inventory is 30% of the following (next) month's cost of goods sold. 4. The beginning inventory at June 1 wl be the desired amount. Compute the budgeted merchandise purchases for June. (Round answers to the nearest whole dollar, e.g. 5,275 FLINT STORES Merchandise Purchases Budget Prepare the budgeted multiple-step income statement for June through gross profit. FLINT STORES Budgeted Income Statement