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Campbell, Inc. sells fireworks. The company's marketing director developed the following cost of goods sold budget for April, May June, and July. April $63,000 May $73,000 June July $89,000 Budgeted cost of goods sold $83,000 S133 Campbell had a beginning Inventory balance of $4,500 on April 1 and a beginning balance in accounts payable of $14,800. The company destres to maintaln an ending Inventory balance equal to 15 percent of the next period's cost of goods sold. Campbell makes all purchases on account. The company pays 65 percent of accounts payable in the month of purchase and the rematning 35 percent In the month following purchase. ed Required a Prepare an Inventory purchases budget for April, May, and June b. Determine the amount of ending inventory Campbell will report on the end-of-quarter pro forma balance sheet Prepare a schedule of cash payments for inventory for April. May, and June. d. Determine the balance in accounts payable Campbell wil report on the end-of-quarter pro forma balance sheet. Complete this question by entering your answers in the tabs below. Required C Required D Required B Required A Prepare an inventory purchases budget for April, May, and June. June May April Inventory Purchases Budget S 63,000 $ 73,000 83,000 Budgeted cost of goods sold 73.000 83.000 63,000 Inventory needed 73,000 $ 83.000 $ 63.000 S Required purchases (on account) Required B Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Determine the amount of ending inventory Campbell will report on the end-of-quarter pro forma balance sheet Ending inveritory Required A Required C Prev raw Complete this question by entering your ans wers in the tabs below. Required B Required A Required C Required D Prepare a schedule of cash payments for inventory for April, May, and June. (Round your final answers to the nearest whole dollar.) Schedule of Cash Payments June April May Payment of current accounts payable Payment of previous accounts payable Total budgeted payments for inventoiry Required D