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	$37,000	$67,000	$87,000	$57,000

Desired ending inventory levels are 27% of the following month's projected cost of goods sold. Budgeted purchases of inventory in February 2014 would be:

$105,120.

$65,100.

$86,400.

$78,900.