Wallace Company provides the following data for next year. Month January February March April Budgeted Sales $126,000 118,000 134,000 145,000 The gross profit rate is 35% of sales. Inventory at the end of December is $21,600 and target ending inventory levels are 10% of next month's sales, stated at cost What is the amount of purchases budgeted for January? OA. $67.970 OB. $81,900 OC. $89,570 OD. $74,230