APT Inc: selected items from 2019 financial statements Income statement items Sales $2,300,000 Cost of goods sold $ 1,200,000 Depreciation $ 150,000 Interest expense $ 200,000 Net Income $300,000 Number of shares 500,000 Dividend per share $0.40 Balance Sheet Items Net fixed assets $ 400,000 Retained Earnings $ 7,800,000 Total Equity $ 112,500,000 21. APT Inc's costs cost of goods sold varies directly with sales. For the next year, sales are project percent, and days inventory outstanding is projected to be 73 days. What would be the appro inventory in 2020? $242.000 $186,000 5194.000 $276.000 ements $2,300,000 $ 1,200,000 $ 150,000 $ 200,000 $ 300,000 500,000 $0.40 $ 400,000 $ 7,800,000 $ 112,500,000 ith sales. For the next year, sales are projected to increase by 15 ced to be 73 days. What would be the appropriate projection for