Duck 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) $49,000 Jan. Year 2 (Budgeted) $79,000 Feb. Year 2 (Budgeted) $99,000 Mar. Year 2 (Budgeted) $69,000 Cost of goods sold Desired ending inventory levels are 34% of the following month's projected cost of goods sold. Budgeted purchases of inventory in February Year 2 would be: Multiple Choice $79,200. $96,300. $110,880. O $88,800