The Emporium Inc. sells collectible trading pins. The Emporium's VP of Marketing developed the folowong bagat al cost of goods sold for April May June, and July Sund Budgeted cost of goods sold Help Suit Sint April $66,000 May $76,000 June 586,000 oly Emporium Inc. had a beginning inventory balance of $3,100 on April 1 and a beginning balance in accounts payable of $15.700. The company desires to maintain an ending inventory balance equal to 10 percent of the next perlod's cost of goods sold The moon makes all purchases on account. The company pays 60 percent of accounts payable in the month of purchase and the renuring 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 the company 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 the company will report on the end-of-quarter pro forma balonce sex Complete this question by entering your answers in the tabs below. Required Required D Required A Required B Prepare an inventory purchases budget for April, May, and June Next > Complete this question by entering your answers in the tabs below. nd-of-quarter pro forma balance sheet Required A Required B Required Required D Prepare an inventory purchases budget for April, May, and June. Inventory Purchases Budget Budgeted cost of goods sold April May Juno $ 66,000 S 76,000 $ 36,000 Inventory needed Required purchases (on accounty Next > 5 of 7