2. Assume that the company projects the following:

Net sales and cost of goods sold will increase by 3% in the next fiscal year. Purchases are expected to be 103% of projected cost of sales.

Assume all other items remain unchanged from the prior year. Provide the next years forecasted balances:

Round your answer to the nearest million.

a.	Net sales	$fill in the blank 5
b.	Purchases	$fill in the blank 6
c.	Cost of sales	$fill in the blank 7
d.	Beginning inventory	$fill in the blank 8
e.	Ending inventory	$fill in the blank 9