10 Walton, Inc. sells fireworks. The company's marketing director developed the following cost of goods sold budget for April May June, and July April Hay June July Budgeted cost of goods sold 567,000 $77,000 $87,000 $93,000 2.5 points eBook Print Walton had a beginning inventory balance of $3.900 on April 1 and a beginning balance in accounts payable of $14,200. The company desires to maintain an ending inventory balance equal to 10 percent of the next period's cost of goods sold. Walton makes all purchases on account. The company pays 70 percent of accounts payable in the month of purchase and the remaining 30 percent in the month following purchase. Required a. Prepare an inventory purchases budget for April May, and June b. Determine the amount of ending inventory Walton will report on the end-of-quarter pro forma balance sheet c. Prepare a schedule of cash payments for inventory for April, May, and June d. Determine the balance in accounts payable Walton will report on the end of quarter pro forma balance sheet. References Complete this question by entering your answers in the tabs below. Required A Required B Required Required D Prepare an inventory purchases budget for April, May, and June Inventory Purchases Budget Budgeted cost of goods sold April 67.000 $ $ May June 77,000 $ 87,000 Inventory needed 67.000 77.000 87,000 Required purchases (on account) $ 67.000 $ 77.000 $ 87,000 Required Required B > Complete this question by entering your answers in the tabs below. Required A Required B Required c Required D Determine the amount of ending inventory Walton will report on the end-of-quarter pro forma balance sheet. Ending inventory Complete this question by entering your answers in the tabs below. Required A Required B Required c Required D Prepare a schedule of cash payments for inventory for April, May, and June. (Round your final answers to the nearest whole dollar.) April May June Schedule of Cash Payments Payment of current accounts payable Payment of previous accounts payable Total budgeted payments for inventory $ 0 $ 0$ Complete this question by entering your answers in the tabs below. Required A Required B Required Required D Determine the balance in accounts payable Walton will report on the end-of-quarter pro forma balance sheet. Accounts payable