Wallace Company provides the following data for next year: Month Budgeted Sales January February $127,000 111,000 135,000 March April 147,000 The gross profit rate is 30% 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? A. $75,070 B. $96,670 C. $81,130 D. $88,900