Chu Company provided the following information related to its inventory sales and purchases for December Year 1 and the fest quarter of Year 2- Dec. Year 1 Jan. Year 2 Teb. Year 2 Mar. Year 2 (Actual) (Budgeted) (Budgeted) (Budgeted) Cost of goods sold $50,000 $80,000 $100,000 $70,000 Desired ending inventory levels are 35% of the following month's projected cost of goods sold, Budgeted purchases of inventory in February Year 2 would be