Zeller Company estimates that 2020 sales will be $40,000 in quarter 1,$50,300 in quarter 2 , and $62,400 in quarter 3 . Cost of goods sold is 50% of sales. Management desires to have ending finished goods irventory equal to 12% of the next quarter's expected cost of roods sold. Prepare a merchandise purchases budget by quarter for the first 6 months of 2020