Chu Company provided the following Information related to its Inventory sales and purchases for December Year 1 and the first quarter of Year 2: Dec. Year 1 (Actual) $44,000 Jan. Year 2 (Budgeted) $74,000 Feb. Year 2 (Budgeted) $94,000 Mar. Year 2 (Budgeted) $64,000 Cost of goods sold Desired ending Inventory levels are 29% of the following month's projected cost of goods sold. Budgeted purchases of Inventory In February Year 2 would be: 0 0 $85,300 0 $92,800. $112.180. 0