2. Albert Corporation estimates above the business needs 4 percent of revenues as a cash balance, 11 percent of revenues as an inventory balance, 6 percent of revenues an accounts payable balance, and 5 percent of revenues as accrued expenses balance. All these balances would be needed at the beginning of each year and are estimated from the year-end annual estimates of revenues and cash expenses given below:

Year 1 2 3 Revenues $100,000 $150,000 $200,000

Please calculate the account balances for cash, inventory, accounts payable, and accrued expenses for years 0,1,2.