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Problem 14-18A (Algo) Preparing an inventory purchases budget and schedule of cash payments LO 14 3 Campbell, Inc. sells fireworks. The company's marketing director developed the following cost of goods sold budget for April, May. June, and July. Campbeli had a beginning inventory balance of $2,600 on April 1 and a beginning balance in accounts payable of $15,200. The company desires to maintain an ending inventory balance equal to 10 percent of the next period's cost of goods sold. Campbell makes all purchases on account. The company pays 60 percent of accounts payable in the month of purchase and the remaining 40 percent in the month following purchase. Required a. Prepare an inventory purchases budget for April, May, and June. b. Determine the amount of ending inventory Campbell will report on the end-of-quarter pro forma balance sheet. c. Prepare a schedule of cash payments for inventory for April, May, and June. d. Determine the balance in accounts payable Campbell will report on the end-of-quarter pro forma balance sheet. Prepare an inventory purchases budget for April, May, and June. Campbell had a beginning inventory balance of $2,600 on April 1 and a beginning balance in accounts payable of $15,20 company desires to maintain an ending inventory balance equal to 10 percent of the next period's cost of goods sold. Can all purchases on account. The company pays 60 percent of accounts payable in the month of purchase and the remaining in the month following purchase. Required a. Prepare an inventory purchases budget for April, May, and June. b. Determine the amount of ending inventory Campbell will report on the end-of-quarter pro forma balance sheet. c. Prepare a schedule of cash payments for inventory for April, May, and June. d. Determine the balance in accounts payable Campbell will report on the end-of-quarter pro forma balance sheet. Complete this question by entering your answers in the tabs below. Determine the amount of ending inventory Campbell will report on the end-of-quarter pro forma balance sheet. all purchases on account. The company pays 60 percent of accounts payable in the month of purchase and the remain in the month following purchase. Required a. Prepare an inventory purchases budget for April, May, and June. b. Determine the amount of ending inventory Campbell will report on the end-of-quarter pro forma balance sheet. c. Prepare a schedule of cash payments for inventory for April, May, and June. d. Determine the balance in accounts payable Campbell will 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 final answers to the nearest whole dollar.) Campbell had a beginning inventory balance of $2,600 on April 1 and a beginning balance in accounts payable of $15,200. The company desires to maintain an ending inventory balance equal to 10 percent of the next period's cost of goods sold. Campbell all purchases on account. The company pays 60 percent of accounts payable in the month of purchase and the remaining 40 pei in the month following purchase. Required a. Prepare an inventory purchases budget for April, May, and June. b. Determine the amount of ending inventory Campbell will report on the end-of-quarter pro forma balance sheet. c. Prepare a schedule of cash payments for inventory for April, May, and June. d. Determine the balance in accounts payable Campbell 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 payable Campbell will report on the end-of-quarter pro forma balance sheet