What information does the inventory purchases budget provide for forecasted financial statements? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a Total Cost of Goods Sold to be used on the forecasted income statement b The ending balance in Inventory to be used on the forecasted balance sheet The ending balance in Accounts Payable to be used on the forecasted balance sheet d Cash Payments for purchases to be used on the forecasted income statement