Sentra Sporting Company sells tennis rackets and other sporting equipment. The purchasing department manager prepared the inventory pur 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 budgeter goods sold is $80,000. October 70,000 7,500 November 50,000 December 60,000 Budgeted Cost of Goods Sold Plus: Desired Ending Inventory Inventory Needed 77,500 Less: Beginning Inventory 10,500 Required purchases (on Account) 67,000 What is the amount of cost of goods sold the company will report on its fourth quarter pro forma income statement? ? ? ? ? ? ? ? ?