Marty's Merchandise has budgeted sales as follows for the second quarter of the year: April $30,000 May $60,000 June $50,000 Cost of goods sold is equal to 70% of sales. The company wants to maintain a monthly ending inventory equal to 120% of the cost of goods sold for the following month. The inventory on March 31 was below this target and was only $22.000. The company is now preparing Merchandise Purchases Budget for April, May, and June. The budgeted purchases for May are