Answer fully thanks!

Exercise 7-10B Preparing inventory purchases budgets with different assumptions Beverly Keegan has been at odds with her brother and business partner, Leon, since childhood. The sibling rivalry is not all bad, however; their garden shop, Keegan Gardens and Gifts, has been very successful. When the partners met to prepare the coming year's budget, their forecasts were different, naturally. Their sales revenue estimates follow: Third Quarter $225,000 250,000 Fourth Quarter $360,000 425,000 Source of EstimateFirst Quarter Second Quarter Beverly Leon $240,000 200,000 300,000 225,000 Past experience indicates that cost of goods sold is about 60 percent of sales revenue. The company tries to maintain 15 percent of the next quarter's expected cost of goods sold as the current quarter's ending inventory. The ending inventory this year is $20,000. Next year's ending inventory is budgeted to be $25,000 Required Prepare an inventory purchases budget using Beverly's estimate. Prepare an inventory purchases budget using Leon's estimate. a. b