Zeller Company estimates that 2020 sales will be $40,000 in quarter 1,$48,000 in quarter 2 , and $58,000 in quarter 3 . Cost of goods sold is 50% of sales. Management desires to have ending finished goods inventory equal to 12% of the next quarter's expected cost of goods sold. Prepare a merchandise purchases budget by quarter for the first 6 months of 2020