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Perez, Inc. sells fireworks. The company's marketing director developed the following cost of goods sold budget for Anne May, June and July April May und July Budgeted cast of goods sold $70,000 $80,000 $90,000 596,000 Perez had a beginning inventory balance of $3.100 on April 1 and a beginning balance in accounts payable of $15.200. The company desires to maintain an ending inventory balance equal to 15 percent of the next period's cost of goods sold Perez makes all purchases on account. The company pays 65 percent of accounts payable in the month of purchase and the remaining 35 percent in the month following purchase Required a. Prepare an inventory purchases budget for April, May, and June b. Determine the amount of ending inventory Perez will report on the end-of-quarter pro forma balance sheet c. Prepare a schedule of cash payments for inventory for April May, and June d. Determine the balance in accounts payable Perez will report on the end of quarter oro formo balance sheet: Complete this question by entering your answers in the tabs below. Complete this question by entering your answers in the tabs below. Required A Required B Required C. Required D Prepare an inventory purchases budget for April, May, and June. April May June $ 70,000 $ 80,000 $ 90,000 Inventory Purchases Budget Budgeted cost of goods sold Plus: Desired ending inventory Inventory needed Less: Beginning inventory Required purchases (on account) 70,000 80,000 90,000 $ 70,000 $ 80,000 $ 90,000 Required Required B Required A Required B Required Required D Prepare a schedule of cash payments for inventory for April May, and June. (Round your final answers to the nearest wholt dollar) April May June Schedule of Cash Payments Payment of current accounts payable Payment of previous accounts payable Total budgeted payments for inventory $ 0 0$ 05 Required)