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Sentra Sporting Company sells tennis rackets and other sporting equipment. The purchasing department manager prepared the inventory purchases budget. Sentra's policy is to maintain an ending inventory balance equal to 15% of the following month's cost of goods sold. January's budgeted cost of goods sold is $115,000. October November December Budgeted Cost of Goods 105,000 85,000 95,000 Sold Plus: Desired Ending 24,000 ? ? Inventory Inventory Needed 129,000 ? Less: Beginning Inventory 18,000 ? ? Required purchases (on 111,000 ? 7 Account) What is the amount of cost of goods sold the company will report on its fourth quarter pro forma income statement? Multiple Choice $190.000 $95,000 O $285,000 O $308,100