Sales increase Cost of Sales Ending Inventory Needs 01.2019 Expected Salos888,000 44% Budgeted Sales and Inventory Purchases for 2018 Quarter 1Quarter 2 Quarter 3 Quarter Year 2019 Quarter 1 Sales in 2017 Expected sales in 2018 Cost of Sales Beginning Inventory Ending Inwentory Purchases $ 555,000 $ 777,000 666,000$ 999,000$ 2,997.000 Redo this table, putting formulas in all cells that have the xx For this exercise, assume that sales will increase by 21 percent over 2017. Cost of salies equals 44 percent of sales Ending inventory should equal 55 percent of the amount needed for next quarter sales needs. Expected sales in the first quarter of 2019 will be $888,000. Make sure that all formulas will adjust for changes in the assumptions noted inside the box. When complete, submit your finished excel assignment to me through e-mail. Round all answers to whole numbers (no decimals)