Zeller Company estimates that 2020 sales will be $45,300 in quarter 1, $49,600 in quarter 2, and $66,500 in quarter 3. Cost of goods sold is 50% of sales. Management desires to have ending finished goods inventory equal to 20% of the next quarter's expected cost of goods sold. Prepare a merchandise purchases budget by quarter for the first 6 months of 2020. ZELLER COMPANY Merchandise Purchases Budget Quarter 1 2. $ $ $ $