Wallace Company provides the following data for next year. Month Budgeted Sales January $125,000 February 109,000 March 138.000 148,000 The gross profitrate is 25% of sales Inventory at the end of December is $31,600 and target ending inventory levels are 20% of next month's sales, stated at cost What is the amount of purchases budgeted for February? April O A. $27.600 OB. $114450 OC. $86.100 OD 581.750