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 Multiple Choice 0 $92,800 O O O O $85,300. O