need 4 and 5 solved

Budget for second Quarter

Clue \#4- Merchandise Purchases Budget The company's gross margin percentage is 40% of sales (i.e. cost of goods sold is 60% of sales). Each month's inventory should equal 30% of the following month's cost of good sold. Beginning inventory has been given to you. What are total required purchases for June? Clue \#5- Cash Disbursements for Purchases Half of a month's inventory purchases are paid for in the month of parchase and half in the following month. Accounts payable for March 31 have been given to you. What are total expected cash disbursements for purchase of inventory for the month of June? Balance sheet March 31, 2020 ssets \begin{tabular}{|l|l|r|r|} \hline & Cash & & $9,000 \\ \hline & Accounts Receivable & & $48,000 \\ \hline & Inventory & & $12,600 \\ \hline & Buildings \& equipment (net) & & $214,100 \\ \hline & & Total Assets & $283,700 \\ \hline & & & \\ \hline \end{tabular} Liabilities \& Owners' Equity Liabilities Accounts Payable Owners' Equity IMPORTANT instructions! When entering your answers, make sure you format The marketing department has estimated sales in units as follows: The selling price of each unit is $5