A flower shop reported net sales of $100,000 in year 1. It plans to increase its net sales in year 2 by 5 percent of the prior years sales. For year 3, it plans to increase its net sales by 10% of year 2 sales. What is the planned amount of net sales for year 3? (Do not round intermediate calculations. Round percentage answer to 1 decimal place, i.e., 0.124 should be entered as 12.4.)

sales for year 3: