Vernon, Inc. sells fireworks. The company's marketing director developed the following cost of goods sold budget for April May June, and July April June July Dudgeted cost of goods sold $67,000 $77,000 $87,000 593,000 May Vernon had a beginning inventory balance of $3.700 on April and a beginning balance in accounts payable of $14,400. The company desires to maintain an ending inventory balance equal to 20 percent of the next period's cost of goods sold. Vernon makes oll purchases on account. The company pays 70 percent of accounts payable in the month of purchase and the remaining 30 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 Vernon 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 Vernon will report on the end-of-quarter pro forma balance sheet Complete this question by entering your answers in the tabs below. Required A Required B Required Required D Prepare a schedule of cash payments for inventory for April, May, and June. (Round your final answers to the nearest whole dollar) Schedule of Cash Payments April May Payment of current accounts payable Payment of previous accounts payable Total budgeted payments for inventory $ $ June 0 0