In the part, cost of goods sold has been 60% of total sales. The director of marketing and the vice president agree that each quarter's ending inventory should not below $19,000 plus 15% of cost of goods sold for the following quarter. The marketing director expects sales of $220,000 during the fourth quarter. The January 1 inventory was $19,000. Prepare a cost of goods said, inventory, and purchases budget for each of the first three quarters of the year. Compute cost of goods seld for the entire nine-month period