What is the amount Ingram would report on the March 31 ProForma Balance Sheet as the balance in Accounts Receivable? $125,000 C. Using the following information, fill in the missing values in the Inventory Purchases Budget. Cost of Goods sold is estimated to be 60% of sales and the company desires to maintain a minimum ending inventory equal to 25% of the following months cost of goods sold. All inventory purchases are made on account with 70% being paid in the month of purchase and 30% paid in the following month. Budgeted COGS Desired Ending Inventory Inventory Needed Beginning Inventory Required Purchases Inventory Purchases Budget January February March $240,000x203,670X287,340. $66,000 71930 $79,860 $306,000 $336,600 x 367200 X3600 72,600 $306,000 V300360 $297,660 Schedule of Cash Payments for Inventory Purchases Current Purchases $214,200 $189,420 X164640 Cash Paid for Prior Month's Purchases on $0 X 40590 $81,180 Account Total Budgeted $214,200 Payments $214,200 $ 230,010 1949,810