Part A: Cougar Company, a home dcor specialty store, prepares its master budget on a quarterly basis. At December 31, 2020 the inventory balance was $60,000. Each months desired ending inventory should equal 25% of the following month COGS. The company's gross margin is 40% of sales. Budgeted sales for the next four months are as follows: January February March April $400,000 $600,000 $300,000 $200,000 Required: Prepare a merchandise purchases budget for Cougar Company. (15pts)