Prepare a six-month merchandise plan based on the information below. Planned sales are expected to be the same as last year. Month February March April May June July LY Sales $12,000 $14,000 $18,000 $19,000 $18,000 $19,000 LY BOM Stock % of Season's Markdowns 10% 5% 5% 15% 30% 35% $25,000 $30,000 $38,000 $40,000 $39,000 $41,000 a. Calculate last year's monthly Stock-Sales ratios to plan BOM for this year. Planned EOM for the season is $43,000. b. Plan monthly reductions for the period. Seasonal reductions are planned at 8% and distributed as above. c. Plan purchases at retail. What would the season purchase at retail be? The initial markup % is 46.4%. What would the planned purchases for the season be at cost?