Question Completion Status: $4,000 None of the above. QUESTION 5 Coronet Company provided the following information related to its inventory sales and purchases for December 2009 and the first quarter of 2010: Deo. 2009 (Actual) $ 40,000 Jan. 2010 (Budgeted) $70,000 Feb. 2010 (Budgeted) $ 90,000 March 2010 (Budgeted) $60,000 Cost of goods sold Desired ending inventory levels are 25% of the following month's projected cost of goods sold. Budgeted purchases of inventory in February 2010 would be: $67,500. $90,000 $82,500. $112,500. QUESTION 6 Harker Company budgeted the following transactions for April 2012: Sales (75% collected in month of sale) Cash Operating Expenses Cash Purchases of Investments $200,000 105,000 75,000