Complete this question by entering your answers in the tabs below. Prepare an inventory purchases budget for Morli, May, and June. Complete this question by entering your answers in the tabs below. Determine the amount of ending inventory Waiton will report on the end-of-quarter pro forma balance sheet. Complete this question by entering your answers in the tabs below. Determine the balance in accounts payabie Watton wil report on the end-of-quarter pro forma balance sheet. Walton, Inc sells fireworks. The companys inarketing director developed the following cost of goods sold budget for Apnit, Mary, June. and July. Walton had a beginning inventory balance of $3,500 on Apris 1 and a beginning balance in accounts payable of $14,800. The company desires to maintain an ending inventory balance equal to 15 percent of the noxt periods cost of goods sold. Wolton makes all purchases on account. The company pays 60 percent of accounts paysble in the month of purchase and the remaining 40 percent in the month followng purchase. Required a. Prepare an inventory purchases budget for April. May, and June: b. Determine the amount of ending inventory Walton will report on the end-ot-quarter pro forma belance sheet. c. Prepare a schedule of cash payments for inventory for April, May, and June. d. Determine the balance in accounts payable Walton wilt report on the end-of-quarter pro forma balance sheet. Complete this question by entering your answers in the tabs below. Prepare a schedule of cash payments for inventory for April, May, and June. (Round your finat answers to the nearest whole dollar.) Complete this question by entering your answers in the tabs below. Prepare an inventory purchases budget for Morli, May, and June. Complete this question by entering your answers in the tabs below. Determine the amount of ending inventory Waiton will report on the end-of-quarter pro forma balance sheet. Complete this question by entering your answers in the tabs below. Determine the balance in accounts payabie Watton wil report on the end-of-quarter pro forma balance sheet. Walton, Inc sells fireworks. The companys inarketing director developed the following cost of goods sold budget for Apnit, Mary, June. and July. Walton had a beginning inventory balance of $3,500 on Apris 1 and a beginning balance in accounts payable of $14,800. The company desires to maintain an ending inventory balance equal to 15 percent of the noxt periods cost of goods sold. Wolton makes all purchases on account. The company pays 60 percent of accounts paysble in the month of purchase and the remaining 40 percent in the month followng purchase. Required a. Prepare an inventory purchases budget for April. May, and June: b. Determine the amount of ending inventory Walton will report on the end-ot-quarter pro forma belance sheet. c. Prepare a schedule of cash payments for inventory for April, May, and June. d. Determine the balance in accounts payable Walton wilt report on the end-of-quarter pro forma balance sheet. Complete this question by entering your answers in the tabs below. Prepare a schedule of cash payments for inventory for April, May, and June. (Round your finat answers to the nearest whole dollar.)