Scannell, Inc sells fra rms Its sales budget for the nine months ended September 30, 2004, and additional information fold Click the icon to view the budget) (Click the icon to view additonal information) Prepare an inventory, purchases, and cost of goods sold budget for each of the first five quarters of the year Compute cos More info in the past, cost of goods sold has been 40% of total sales. The director of marking and the financial vice president agree that each quarter's ending mentory should not be below $28.000 plus 10% of cost of goods sold for the following quarter The marketing director expects sales of $250,000 during the fourth quarter. The January 11 1mventory was $10,000 Plus Leve Flavi nanee Scannell, inc inventory, Purchases, and Cost of Goods Sold Budget Nine Months Ended September 30, 2024 Quarter Ended March 31 Quarter Ended June 201 Quarter Ended September 30 Nine-Mont Total Print Done Quarter Ended Nine Month Cash sales, 30% Credit sales, 70% $ March 31 45.000 105 000 June 30 60.000 September 30 12.500 $ Total 157,000 140.000 122500 50/500 Tales 150,000 200 000 S 175,000 $ 525,000 Print Done