Company XYZ has the following data: Month Budgeted Sales $132,000 February March $144,000 April $120,000 The gross profit rate is 40% of sales and ending inventory at January 31 was $19,440. Desired ending inventory levels are 30% of next month's sales. What are the expected total purchases for February? $102,960 $81,360 $59,760 $43,200