Wallace Company provides the following data for next year: Month Budgeted Sales January $125,000 116,000 February March 140,000 April 147,000 The gross profit rate is 35% of sales. Inventory at the end of December is $29,600 and target ending inventory levels are 30% of next month's sales, stated at cost. What is the amount of purchases budgeted for February? O A. $80,080 OB, $108,550 O C. $75,400 O D. $34,300