Exercise 14-7A (Algo) Preparing on inventory purchases budget LO 143 Baltd Company sells lamps and other lighting fixtures The purchasing department manager prepared the following inventory purchases budget, Bakd's policy is to maintalin an ending inventory balance equal to 20 percent of the following month's cost of goods sold Aprirs budgeted cost of goods sold is $76,000 Required 0. Complete the inventory putchases budget by filling in the mssing amounts. b. Deteimine the amount of cost of goods sold the company will report on its first quarter pro forma income statement c. Determine the amount of ending inventory the company will report on its pro forma balance sheet at the end of the first quarter. Complete this question by entering your answers in the tabs below. Complete the inventory purchases budget by filling in the missing amounts. Determine the amount of cost of goods sold the company will report Determine the amount of ending inventory the company will report on quarter