AP-2A LO 4 Garden Catering provides catering to downtown offices. The company estimates there will be $47,700 in food inventory at the beginning of December 2020. Management wants to have half of that amount in its inventory at the end of December. Based on the forecast, cost of food sales in December will be $118,900. Prepare a purchases budget. Garden Catering Purchases Budget For the Month Ending December 31, 2020