O'Brien Corporation had the balance sheet shown in Table 5E at the end of last year. The company had net income of $150,000 on sales of $3,000,000, and paid $50,000 in dividends last year. O'Brien is at full capacity and considers all its assets, accounts payable, and accrued liabilities as spontaneous. Assume the net profit margin and dividend payout ratio remain the same this year, and that sales are projected to be $3,300,000. $ 300 Table 5E-O'Brien Corporation Balance Sheet, End-of-last-year (thousands of $) Current assets Current liabilities Cash $ 100 Accounts payable Accounts receivable Notes payable Inventory 250 Accrued payables Total current assets 650 Total current liabilities Fixed assets (net) Long-term debt Common stock Retained earnings Total Assets $ 1.650 Total Liab. + equity 350 100 100 550 300 1,000 200 600 $1,650 Reference: Ref 5-1 Using the percentage-of-sales method, what is the forecasted end-of-this-year balance in the notes payable account (in thousands of dollars)? $110. $130. $120. $100