Adams had a beginning inventory balance of $4,300 on Apr1 ad a beginning balance in accounts payable of $14,600. The company desires to maintain an ending inventory balance equal to 15 percent of the next period's cost of goods sold. Adams makes all purchases on account. The company pays 65 percent of accounts payable in the month of purchase and the remaining 35 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 Adams 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 Adams will report on the end-of-quarter pro forma balance sheet. Complete this question by entering your answers in the tabs below Required A Required B Required C Required D Prepare an inventory purchases budget for April, May, and June Inventory Purchases Budget Budgeted cost of goods sold May $ 64,00074,000 84,000 April June lus: Desired ending inventory Inventory needed 64,000 74,000 84,000 ess: Beginning inventory Required purchases (on account) S 64,000$74,000 84,000 Required A Required B >