Sandhill Company estimates that 2022 sales will be $39,200 in quarter 1, $47,040 in quarter 2, and $56,840 in quarter 3. Cost of goods sold is 50% of sales. Management desires to have ending merchandise inventory equal to 10% of the next quarter's expected cost of goods sold. Prepare a merchandise purchases budget by quarter for the first 6 months of 2022. SANDHILL COMPANY Merchandise Purchases Budget Quarter 1 2 $ $ $ $ e Textbook and Media Current Attempt in Progress Sandhill Company estimates that 2022 sales will be $39,200 in quarter 1, $47,040 in quarter 2, and $56,840 in quarter 3. Cost of goods sold is 50% of sales. Management desires to have ending merchandise inventory equal to 10% of the next quarter's expected cost of goods sold. Prepare a merchandise purchases budget by quarter for the first 6 months of 2022. SANDHILL COMPANY Merchandise Purchases Budget Quarter 1 2 Six Months $ $ $ $ Blossom Company management wants to maintain a minimum monthly cash balance of $25,500. At the beginning of April, the cash balance is $25,500, expected cash receipts for April are $249,900, and cash disbursements are expected to be $260,100. How much cash, if any, must be borrowed to maintain the desired minimum monthly balance? Amount to be borrowed to maintain the desired minimum monthly balance $ e Textbook and Media