Suppose LovetoRead sells 2,000 hardcover books per day at an average price of $50. Assume that LovetoRead's cost for the books is 80% of the selling price it charges retail customers. Loveto Read has no beginning inventory, but it wants to have a three-day supply of ending inventory. Assume that selling and administrative expenses are $2,000 per day. Determine LovetoRead's budgeted purchases for the next (seven-day) week. OA. $800,000 OB. $560,000 OC. $1,000,000 OD. $320,000