Tulloch Company sells mobile phones worldwide. The company expects to sell 4.000 moble phones for $175 each in January and 3.500 mobile phones for $215 each in February. All sales are cash only Tulloch expects cost of goods sold to average 50% of sales revenue. The company expects to sell 4.400 mobile phones in March for $300 each. Tulloch's targetending inventory is $13,000 plus 50% of the next month's cost of goods sold. 1. Prepare the sales budget for January and February 2. Prepare the company's cost of goods sold, Inventory, and purchases budget for January and February 1. Prepare the sales budget for January and February Tulloch Company Sales Budget For the Months Ended January and February January February Total Unit sales (mobile phones) Multiply by: Unit solling price Total sales revenue 2. Prepare the company's cost of goods sold, Inventory, and purchases budget for January and February (Round your answers to the nearest dollar) Tulloch Company Inventory, Purchases, and Cost of Goods Sold Budget For the Months Ended January and February January February Cost of goods sold Plus: Desired ending inventory Total inventory required Less: Beginning inventory Purchases