Trailers sells its rock-climbing shoes worldwide. Trailers expects to sell 5,100 pairs of shoes for $160 each in January and 3,500 pairs of shoes for $230 each in February. All sales are cash only. Trailers expects cost of goods sold to average 55% of sales revenue and the company expects to sell 3,900 pairs of shoes in March for $290 each. Trailers' target ending inventory is $14,000 plus 40% of the next month's cost of goods sold. Requirements 1. Prepare the sales budget for January and February. 2. Prepare Trailers' inventory, purchases, and cost of goods sold budget for January and February. Requirement 1. Prepare the sales budget for January and February. (Round your answers to the nearest dollar.) Trailers Sales Budget January February Total Selling price per pair Number of pairs Total sales