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Accounting work: please help. One question but with 4 parts. Please highlight the answers. Thanks.

Adams, Inc. sells fireworks. The company's marketing director developed the following cost of goods sold budget for April, May, June, and July April May June July $65,000 $75,000 $85,000 $91,000 Budgeted cost of goods sold Adams had a beginning inventory balance of $3,800 on April 1 and a beginning balance in accounts payable of $15,800. The company desires to maintain an ending inventory balance equal to 15 percent of the next period's cost of goods sold. Adams makes all purchases on account. The company pays 70 percent of accounts payable in the month of purchase and the remaining 30 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 Adams 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 Adams will report on the end-of-quarter pro forma balance sheet. Complete this question by entering your answers in the tabs below. Required Required Required Required Prepare an inventory purchases budget for April, May, and June Inventory Purchases pril May June Budget Budgeted cost of goods sold $65,000$75,000 $85,000 lus: Desired ending invento Inventory needed 65,000 75,000 85,000 ess: Beginning inventory 3,800 11,250 12,750 Required purchases (on account $61,200$63,750 $72,250

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