Month January February March April Budgeted Sales $124,000 108,000 138,000 145,000 The gross profit rate is 30% of sales. Inventory at the end of December is $29,600 and target ending inventory levels are 10% of next month's sales, stated at cost. What is the amount of purchases budgeted for February? O A. $96,460 OB. $37,260 O c. $77,700 OD. $75,600