Please help me on this exercise. Thank you very much.

Note: first 2 pictures are just options for picture 3.

Micro Products inc. has devetoped a very powerful etectronic calculator. Each calculator requires three small chips that cost $2 each and are purchased from an overseas supplier. Micro Products has prepared a production budget for the calculator by quarters for year 2 and for the rst quarter of year 3, as shown below: Budgeted productlon, in calculators The chip used in production of the calculator Is sometimes hard to get, so it is necessary to carry large inventories as a precaution against stockouts. For thls reason, the Inventory of chips at the end of a quarter must be equal to 20% of the following quarter's production needs. A tota! of 38,000 chips will be on hand to start the rst quarter of year 2. Required: Prepare a direct materials purchases budget for chips, by quarter and in total, for year 2. At the bottom of your budget, show the dollar amount of purchases for each quarter and forthe year in total. Number of chips per calculator Production needschips Required purchaseschips Total cost at purchases Micro Products, Inc. Direct Materials Budget - Year 2 Quarter First Second Third Fourth Year Required production in calculators Number of chips per calculator Production needs-chips Tat nande Add: Beginning inventory Add: Ending inventory Deduct: Beginning inventory Deduct: Ending inventoryDirect Materials Budget - Year 2 Quarter First Second Third Fourth Year Required production in calculators Number of chips per calculator Production needs-chips Total needs Day imd purchases chine Add: Beginning inventory Add: Ending inventory Deduct: Beginning inventory Deduct: Ending inventory