Thornton, Inc. sells fireworks. The compeny's merketing director developed the following cost of goods sold budget for April, May. June, and July. Thornton had a beginning inventory bolance of $3,100 on April 1 and a beginning balance in sccounts poysble of $14,600. The compsny desires to maintain on ending inventory bolance equal to 15 percent of the next period's cost of goods sold. Thornton makes oll purchases on occount. The company pays 70 percent of accounts poysble in the month of purchase ond the remsining 30 percent in the month following purchese. Required a. Prepere an inventory purchases budget for April, May, and June. b. Determine the amount of ending inventory Thornton will report on the end-of-quarter pro forms bolonce sheet. c. Prepore a schedule of cosh poyments for inventory for April, May, and June. d. Determine the bolance in sccounts paysble Thornton will report on the end-of-quarter pro forms bolance sheet. Complete this question by entering your answers in the tabs below. Prepare an inventory purchases budget for April, May, and June. Complete this question by entering your answers in the tabs below. Determine the amount of ending inventory Thornton will report on the end-of-quarter pro forma balance sheet. Complete this question by entering your answers in the tabs below. Prepare a schedule of cash payments for inventory for April, May, and June. (Round your final answers to the nearest whole dollar.) Complete this question by entering your answers in the tabs below. Determine the balance in accounts payable Thornton will report on the end-of-quarter pro forma balance sheet