Swenson Electronics sells tablets, lts sales budpot for the nine months ended September 30 follows: (Click the icon to view the budgot) (Click the icon to view additicnal information.) Requlrement Prepare a cost of goods sold, Irwontory, and purchases budget for each of the first threo quarters of the year, Compute cost of goods sold for the entire nine-month pericd. (Round amounts to the nearest wholo dollar.) Data table st of goods In the past, cost of goods sold has been 70% of total sales. The director of marketing and the financial vice president agree that each quarter's ending inventory should not be below $20,000 plus 15% of cost of goods sold for the following quarter. The marketing director expects sales of $210,000 during the fourth quarter. The January 1 inventory was $31,550