Coronet Company provided the following information related to its inventory sales and purchases for December 2013 and the first quarter of 2014: Dec. 2013 Jan. 2014 Feb. 2014 Mar. 2014 (Actual) (Budgeted) (Budgeted) (Budgeted) Cost of goods sold $41,000 $71,000 $91,000 $61,000 Desired ending inventory levels are 26% of the following month's projected cost of goods sold. Budgeted purchases of inventory in February 2014 would be: