Wallace Company provides the following data for next year: Month January February March April Budgeted Sales $125,000 113,000 139,000 144,000 The gross profit rate is 25% of sales. Inventory at the end of December is $29,600 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. $72,625 B. $102,225 C. $93,750 D. $85,275