Jordan, Inc. sells fireworks. The company's marketing director developed the following cost of goods sold budget for Apri, May, June and July ApriMayuneJuly Budgeted cost of goods sold $60,099 $79,000 $88,800 386,000 Jordan had a beginning inventory balance of $2,700 on April 1 and a beginning balance in accounts payabie of $14 000 The company desires to maintain an ending inventory balance equal to 20 percent of the next period's cost of goods sold. Jordan makes all purchases on account. The company pays 65 percent of accounts payable in the month of purchase and the remaining 35 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. 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. Required A Required B Required C Required D ents for inventory for April, May, and June. (Round your final answers to the nearest whole dollar.) Schedule of Cash Payments April May June Payment of current accounts payable Paynent of previous accounts payable Total budgeted payments for inventory $ 46,345$ 46,800 $52,780 46,345 46,800 $ 52,780