Smith, Ine., sells tire rims. Its sales budget and inventory, purchases, and cost of goods sold budget tor the nine months ended September 30 . 2024, follow: Smithis selling and administrative expenses inctude the following Click the icon to view the sales budget and inventory, purchases, and cost of goods Ill (Cick the icon to vierw the expences.) Bod budget.) Prepare a selling and administrative expenze budget ker each of the thres cianters of 2024 and totals for the nine-month period. Simith, Inc. Selling and Administrative Expense Budget Nine Months Ended September 30, 2024 Sales Budget Smith, Inc. Inventory, Purchases, and Cost of Goods Sold Budget Nine Months Ended September 30, 2024 Plus: Desired ending merchandise inventory Total merchandise inventory required Less: Beginning merchandise inventory Budgeted purchases \begin{tabular}{|r||r||r||r|} \hline \multicolumn{1}{|c||}{QuarterEndedMarch31} & QuarterEndedJune30 & QuarterEndedSeptember30 & Nine-MonthTotal \\ \hline$40,000 & $60,000 & $50,000 & $150,000 \\ \hline$20,000 & $19,000 & $22,000 \\ \hline$60,000 & $79,000 & \\ $32,000 & $20,000 & \\ \hline$28,000 & $59,000 & $19,000 \\ \hline \end{tabular} Data table