2 Rooney Company sells lamps and other lighting fixtures. The purchasing department manager prepared the following into purchases budget. Rooney's policy is to maintain an ending inventory balance equal to 10 percent of the following months.com goods sold. April's budgeted cost of goods sold is $78,000. Required a. Complete the inventory purchases budget by filling in the missing amounts b. Determine the amount of cost of goods sold the company will report on its first quarter pro formun income statement c. Determine the amount of ending inventory the company will report on its pro forma balance sheet at the end of the test one * Complete this question by entering your answers in the tabs below. ces Req A Reg B and C Complete the inventory purchases budget by filling in the missing amounts. Inventory Purchases Budget January February March Budgeted cost of goods sold $ 51 000 $ 55.000 $ 51,000 5 500 antering your answer in the tabs below. 47:02 Req A Req Band C Complete the inventory purchases budget by filling in the missing amounts. ces Inventory Purchases Budget January February March Budgeted cost of goods sold $ 51,000 $ 55,000 $ 61,000 Plus: Desired ending inventory 5,500 Inventory needed 56,500 Less: Beginning inventory 5.100 $ 51,400 Required purchases (on account) Req B and C > ty weter ending Inventory the company will report on its pro forma bilance sheet the end of the first one Complete this question by entering your answers in the the below. Raq A Req Band C Determine the amount of cost of goods sold the company will report on its first quarter pro forme income statement Determine the amount of ending Inventory the company will report on its pro forma balance sheet at the end of their quarter. b Cost of goods sold Ending inventory C