Rooney, Inc. sells fireworks. The company's marketing director developed the following cost of goods sold budget for April, May, June, and July. Budgeted cost of goods sold May April $79,000 $89,000 June July $99,000 $105,000 Rooney had a beginning inventory balance of $3,100 on April 1 and a beginning balance in accounts payable of $15,600. The company desires to maintain an ending inventory balance equal to 15 percent of the next period's cost of goods sold. Rooney makes all purchases on account. The company pays 60 percent of accounts payable in the month of purchase and the remaining 40 percent in the month following purchase. Required a. Prepare an inventory purchases budget for April, May, and June b. Determine the amount of ending inventory Rooney will report on the end-of-quarter pro forma balance sheet c. Prepare a schedule of cash payments for inventory for April, May, and June. d. Determine the balance in accounts payable Rooney will report on the end-of-quarter pro forma balance sheet Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Prepare an inventory purchases budget for April, May, and June. Inventory Purchases Budget April May June Budgeted cost of goods sold $ 79,000 $ 89,000 $99,000 79,000 89,000 99,000 Plus: Desired ending inventory Inventory needed Less Beginning inventory Required purchases (on account) S 79,000 $ 89,000 $99,000 Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Determine the amount of ending inventory Rooney will report on the end-of-quarter pro forma balance sheet. Ending inventory Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Prepare a schedule of cash payments for inventory for April, May, and June. (Round your final answers to the nearest whole dollar.) Schedule of Cash Payments April May June Payment of current accounts payable Payment of previous accounts payable Total budgeted payments for Inventory 0 $ 4 Complete this question by entering your answers in the tabs below. Required A Required B Required C Required Determine the balance in accounts payable Rooney will report on the end-of-quarter pro forma balance sheet. Accounts payable