Walton Company sells lamps and other lighting fixtures. The purchasing department purchases budget. Walton's policy is to maintain an ending inventory balance equal to 15 percent of the following month's cost of manager prepared the following inventory goods sold. April's budgeted cost of goods sold is $78,000. Required a. Complete the inventory purchases budget by filling in the missing amounts Determine the amount of cost of goods sold the company will report on its first quarter pro forma income statement. c. Determine the amount of ending inventory the company will report on its pro forma balance sheet at the end of the first quarter Complete this question by entering your answers in the tabs below. Req AReq B and C $ 53,000S57.000 63,000 8,550 61,550 7,950 53,600 purchases budget. Walton's policy is to maintain an ending inventory balance equal to 15 percent of the goods sold. April's budgeted cost of goods sold is $78,000. h's cost of b. Determine the amount of cost of goods sold the company will report on its first quarter pro forma income s c. Determine the amount of ending will r g inventory the company will report on its pro forma balance sheet at the end of the first quarter t of ending inventory the company will report on its pro forma balance sheet at the end of the first Information concerning a product produced by Ender Company appears here $600,000