Swifty Products, a rapidly growing distributor of home gardening equipment, is formulating its plans for the coming year. Carol Jones, the firms marketing director, has completed the following sales forecast.

Month		Sales		Month		Sales
January		$904,900		July		$1,501,400
February		$1,002,000		August		$1,501,400
March		$904,900		September		$1,606,000
April		$1,154,600		October		$1,606,000
May		$1,260,000		November		$1,501,400
June		$1,406,000		December		$1,704,000

Phillip Smith, an accountant in the Planning and Budgeting Department, is responsible for preparing the cash flow projection. He has gathered the following information.

	All sales are made on credit.
	Swiftys excellent record in accounts receivable collection is expected to continue, with 60% of billings collected in the month after sale and the remaining 40% collected two months after the sale.
	Cost of goods sold, Swiftys largest expense, is estimated to equal 40% of sales dollars. Seventy percent of inventory is purchased one month prior to sale and 30% during the month of sale. For example, in April, 30% of April cost of goods sold is purchased and 70% of May cost of goods sold is purchased.
	All purchases are made on account. Historically, 75% of accounts payable have been paid during the month of purchase, and the remaining 25% in the month following purchase.
	Hourly wages and fringe benefits, estimated at 30% of the current months sales, are paid in the month incurred.
	General and administrative expenses are projected to be $1,575,000 for the year. A breakdown of the expenses follows. All expenditures are paid monthly throughout the year, with the exception of property taxes, which are paid in four equal installments at the end of each quarter.

Salaries and fringe benefits		$	323,700
Advertising			378,800
Property taxes			142,400
Insurance			195,600
Utilities			184,800
Depreciation			349,700
Total		$	1,575,000

Operating income for the first quarter of the coming year is projected to be $329,100. Swifty is subject to a 40% tax rate. The company pays 100% of its estimated taxes in the month following the end of each quarter.

Swifty maintains a minimum cash balance of $50,000. If the cash balance is less than $50,000 at the end of the month, the company borrows against its 12% line of credit in order to maintain the balance. All borrowings are made at the beginning of the month, and all repayments are made at the end of the month (in increments of $1,000). Accrued interest is paid in full with each principal repayment. The projected cash balance on April 1 is $51,300.

Prepare the purchases budget for the second quarter. (Round answers to 0 decimal places, e.g. 5,275. Enter answers in necessary fields only. Leave other fields blank. Do not enter 0.)

Purchases Budget
	April		May		June		Total Purchases
April COGS	$Enter a dollar amountEnter a dollar amount		$Enter a dollar amountEnter a dollar amount		$Enter a dollar amountEnter a dollar amount		$Enter a dollar amountEnter a dollar amount
May COGS	Enter a dollar amountEnter a dollar amount		Enter a dollar amountEnter a dollar amount		Enter a dollar amountEnter a dollar amount		Enter a dollar amountEnter a dollar amount
June COGS	Enter a dollar amountEnter a dollar amount		Enter a dollar amountEnter a dollar amount		Enter a dollar amountEnter a dollar amount		Enter a dollar amountEnter a dollar amount
July COGS	Enter a dollar amountEnter a dollar amount		Enter a dollar amountEnter a dollar amount		Enter a dollar amountEnter a dollar amount		Enter a dollar amountEnter a dollar amount
Totals	$Enter a total amountEnter a total amount		$Enter a total amountEnter a total amount		$Enter a total amountEnter a total amount		$Enter a total amountEnter a total amount