Oriole Specialties, a retailer of West African food products, has completed the following sales forecast for the coming year: Oriole Specialties maintains an ending inventory level of 70 percent of the following month's cost of goods sold. The company's cost of goods sold is 40 percent of sales. (a) Prepare Oriole Specialties purchases budget for June and July. (Round COGS percentage to 2 decimal places, eg. 52.75.) Prepare Oriole Specialties purchases budget for June and July. (Round COGS percentage to 2 decimal places, e s. 52.75.). Assuming that Oriole Specialties pays for 50 percent of its purchases in the month of purchase and the remaining 50 percent in the month following the purchase, prepare the company's cash payments budget for July. Assuming that Oriole Specialties pays for 50 percent of its purchases in the month of purchase and the remaining 50 percent in the month following the purchase, prepare the company's cash payments budget for July