Swenson Electronios sells tablets. Its sales budget for the nine months ended September 30 follows: (Click the icon to view the budgok.) (i) (Click the icon to view additonal information.) Requirement Prepare a cost of goods sold, inventory, and purchases budget for each of the frst three quarters of the yoar, Compute cost of goods soid for the entire nine-month period. (Round amounts to the nearest whole dollar.) Data table nson Electronics sells tablets. Its sales budget for the nine months ended September 30 Tollows: (Click the icon to view the budget.) (Click the icon to view additional information.) uirement pare a cost of goods sold, inventory, and purchases budget for each of the first three quarters of the year. Con od. (Round amounts to the nearest whole dollar.) More info 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 $15,000 plus 10% of cost of goods sold for the following quarter. The marketing director expects sales of $240,000 during the fourth quarter. The January 1 inventory was $23,400