Supreme Audio sales in 2020 and budget assumptions for 2021 are below: Assumptions: Sales will increase by 25 percent over 2020. Cost of sales equals 75 percent of sales. For 2021, ending inventory should equal 35 percent of the cost of sales for the next quarter. Beginning inventory for 2021 is $69,500. Sales in the first quarter of 2022 will be $300,000. Instructions: Prepare the sales and purchases budgets for 2021