Wallace Company provides the following data for next year:

Month	Budgeted Sales
January	$129,000
February	113,000
March	132,000
April	148,000

The gross profit rate is 35% of sales. Inventory at the end of December is $30,600 and target ending inventory levels are 30% of next month's sales, stated at cost.

What is the amount of purchases budgeted for February?

A. $32,340

B. $77,155

C. $73,450

D. $ 109,590