Sam's Cool Car's Ltd. (SCC) is a distributor of car parts. SCC is currently preparing a forecast of sales and costs for the coming year. There are no capital expenditures forecasted for the coming year since the company just completed a large expansion project. The following forecast has been made without incorporating the impact of expected inflation (in thousands of dollars): Sales $ 3,000 Cost of goods sold (COGS) (1,600) Selling costs (500) Depreciation (300) Interest on debt (250) Net income before income taxes $ 350 The inflation rate for the coming year is expected to be 3%. COGS and selling costs are variable costs. Sales prices will be adjusted for expected inflation. The company only has long-term debt with a fixed rate of interest that matures in five years. Which one of the following represents the best estimate of the net income before income taxes (in thousands of dollars), incorporating the assumption of the expected inflation rate of 3%? Question 19 options: a) $360 b) $368 c) $377 d) $392