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 $$75,000.$

October November December

Budgeted Cost of Goods Sold $65,00045,00055,000$

Plus: Desired Ending Inventory $6,750??$

Inventory Needed $71,750??$

Less: Beginning Inventory $9,750??$

Required purchases $($on Account$)62,000??$

What is the amount of cost of goods sold the company will report on its fourth quarter pro forma income statement?