ABC Company is a brand new company. ABC has budgeted Sales as follows: January $470,000 February $564,000 March $620,400 April $682,440 Cost of Goods Sold is expected to be 30% of Sales and ABC would like to maintain an ending Inventory balance equal to 10% of the following month's Cost of Goods Sold. Determine the amount of Cost of Goods Sold the company will report on its first quarter pro forma Income Statement. 5186,120 $496,320 5701.052 5204,732