Paobody, Inc., soils fronds. The company/s marketing director developed the following cost of goods sold budget for April, May, June, and July. Poabody had a beginning inventory balance of $4, 100 on April 1 and a beginning balance in accounts payable of $14, 300. the company desires to maintain an ending inventory balance equal to 15 percent of the next pariod's cost of goods sold. Paobody makes all purchases on account. The company pays 65 percent of accounts payable in the month of purchases and the remaining 35 percent in the month following purchase. Required: a. Prepare an inventory purchases budget for April, May, and June