Please answer the whole question according to the form. thanks!!!

Skaff, Inc. sells tire rims. Its sales budget for the nine months ended September 30, 2024, and additional information follow: (Click the icon to view the budget.) (Click the icon to view additional information.) Prepare an inventory, purchases, and cost of goods sold budget for each of the first three quarters of the year. Compute cost of goods sold for the entire nine-month period. - Data Table Quarter Ended Nine-Month March 31 June 30 September 30 Total $ 20,000 $ 30,000 $ 25,000 $ 75,000 80,000 120,000 100,000 300,000 Cash sales, 20% Credit sales, 80% Plus: $ 100,000 $ 150,000 $ 125,000 $ 375,000 Total sales Less: More Info In the past, cost of goods sold has been 40% of total sales. The director of marketing and the financial vice president agree that each quarter's ending inventory should not be below $10,000 plus 10% of cost of goods sold for the following quarter. The marketing director expects sales of $200,000 during the fourth quarter. The January 1 inventory was $35,000. Nine-Month Total Sweeney, Inc. Inventory, Purchases, and Cost of Goods Sold Budget Nine Months Ended September 30, 2024 Quarter Ended Quarter Ended Quarter Ended March 31 June 30 September 30 Cost of goods sold 40,000 $ 60,000 $ 50,000 Plus: Desired ending merchandise inventory 26,000 25,000 28,000 Total merchandise inventory required $ 66,000 $ 85,000 $ 78,000 Less: Beginning merchandise inventory 37,000 26,000 25,000 $ Budgeted Purchases 29,000 $ 59,000 || $ 53,000 $ 150,000