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 $145,000. What would be the required purchases (on account) for December? Multiple Choice $146,000 Multiple Choice $146,000 $128.000 $107,000 $125,000