Question 1 (2 points) Anders Co. Projected the following sales information and details for the next Quarter below: Month Budgeted Sales $ January 360,000 February 178,000 March 478,000 April 452,000 Gross Profit rate 41% Inventory at end of December 78,000 Desired Inventory as a % of sales 25% What would the company's desired inventory balance be at the end of March? 101,400 66, 670 113,000