Wallace Company provides the following data for next year: Month Budgeted Sales January $123,000 February 114,000 March 136,000 April 145,000 The gross profit rate is 30% of sales. Inventory at the end of December is $22,600and target ending inventory levels are 30% of next month's sales, stated at cost What is the amount of purchases budgeted for February? $114,660 $28,560 $79,800 $84,420