PROBLEM $10-12.$ Budget Relationships $[$LO $2]$ The accountant at Supreme Audio resigned while he was in the midst of preparing the budget for $2018.$ His work papers indicated the following:Budgeted Sales and Inventory Purchases for $2018$Quarter $1$ Quarter $2$Quarter $3$Quarter $4$Total$$256,000$$$320,000$$$192,000$$ $69,500$$$300,000$$$290,000$$$368,000$$$1,214,000$tA tACACASales in $2017$Expected sales in $2018$Cost of sales Beginning inventoryEnding inventoryPurchasestAAssumptions:Sales will increase by $25$ percent over $2017.$Cost of sales equals $75$ percent of sales.For $2018,$ ending inventory should equal $35$ percent of the cost of sales for the next quarter.Sales in the first quarter of $2019$ will be $$300,000.$REQUIREDFill in the missing information to determine the sales and purchases budgets for $2018.$