Glad Rags, Inc. sells women's clothes. Provided below is selected financial statement information: Glad Rags, Inc. Selected Financial Statement data Fiscal year end (amounts in thousands of dollars) Net sales Cost of Goods Sold Gross profit 2016 2015 $47,895 35.952 $11,943 $42,589 (32.588) $10,001 Inventory $5,548 $4,948 Glad Rags, Inc. projects that sales will grow at a compound rate of 7% per year for years 2017 through 2019 and that the cost of goods sold to sales percentage will equal that realized in 2016 Compute the forecast Net Sales for 2019. Assume that Glad Rags has wants an ending 2019 inventory level equal to a 60 day supply of inventory to support the growing sales base. Assume a 360-day year and use the forecast activity for 2019 to compute the forecast ending 2019 inventory. Based on the above, the forecast ending inventory in 2019 will be