State Logos buys logo-imprinted merchandise and then sells it to universiny bookstores. Sales are expected to be $2,000,000 in $0ptembec,$2,200,000 in October, $2,383,000 in November, and $2,560,000 in December. State Logos sets its prices to earm an average 40% gross profit on sales revenue. The company doos not want inventory to fall below 5420,000 plus 20% of the next month's cost of goods sold. Prepare a cost of goods sold, inventory, and purchases budget for the months of October and November: State Logos Cest of Goods Sold, Inventory, and Purchases Budget