ACCOUNTING-The manager of MN Company give you the following data to prepare

The manager of MN Company give you the following data to prepare the required purchases for the coming three monthsEstimated sales for January$60,000.00Sales increase by5%for the coming three monthsCost of goods sold (CGS)60%of salesBeginning inventory,000.00Ending inventory equal to20%of next month CGSEstimated purchases for February should be between1.$33,000.00 and $38,000.002.$38,000.00 and $40,000.003.$40,000.00 and $40,200.004.$40,000.00 and $40,200.00

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