Jordan, Inc. sells fireworks. The company's marketing director developed the following cost of goods sold budget for April, May, June, and July. April 79,000 89,000 99,000 105,000 May une Budgeted cost of goods sold Jordan had a beginning inventory balance of $3,200 on April 1 and a beginning balance in accounts payable of $15,400. The company desires to maintain an ending inventory balance equal to 10 percent of the next period's cost of goods sold. Jordan 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 Jordan 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 Jordan will report on the end-of-quarter pro forma balance sheet Complete this question by entering your answers in the tabs below. Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Prepare an inventory purchases budget for April, May, and June. Inventory Purchases Budget April May June Budgeted cost of goods sold $ 79,000$ 89,000 $ 99,000 Inventory needed Required purchases (on account) Complete this question by entering your answers in the tabs below. Required ARequired BRequired C Required D Determine the amount of ending inventory Jordan will report on the end-of-quarter pro forma balance sheet Ending inventory Required A Required B Required C Required D Prepare a schedule of cash payments for inventory for April, May, and June. (Round your final answers to the nearest whole dollar.) Schedule of Cash Payments Payment of current accounts payable Payment of previous accounts payable Total budgeted payments for inventory April May June Required B Required D> Required A Required B Required C Required D Determine the balance in accounts payable Jordan will report on the end-of-quarter pro forma balance sheet Accounts payable Required Required D