Quarterly sales and net income data for General Electric for Year 1 through Year 9 are shown below ($ millions).

Required:
Use these data and any other historical information available to forecast sales and net income for each of the quarters ending September Year 9, December Year 9, March Year 10, and June Year 10. Explain the basis of yourforecasts.

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Sales Net Income Sales Net Income Sales Net Income Dec. Y $17,349 $1,263 Sep. Y4 $14,442 $1,457 un. Y7 $21,860 $2,162 Dec. Y4 17,528 ,685 Mar. Y5 14,9481372 Jun. Y5 17,630 1,726 Sep. Y5 17151 1,610 Dec. Y5 19,5471,865 Mar. Y6 16,9311,517 Jun. Y6 18,9011,908 Sep. Y6 19,861 1788 Dec. Y6 22,848 2,067 Mar. Y7 19,9981,677 Sep. Y7 21,806 2014 Dec. Y7 24,876 2,350 Mar. Y8 22,459 1,891 Jun. Y8 24,928 2,450 Sep. Y8 23,978 2,284 Dec. Y8 28,455 2,671 Mar. Y9 24,062 2,155 Jun. Y9 274102,820 964 Mar. Y2 12,278 Jun. Y2 13,984 1,130 Sep. Y2 13,972 Dec. Y2 16,040 215 Mar. Y3 12,700 ,085 Jun. Y3 14,566 Sep. Y3 14,669 1206 Dec. Y3 17,892 1477 Mar. Y4 12,621 1,219 Jun. Y 14,725 1,554 996 656