Selected assumptions for 2018 Sales growth rate 9 % Cost of goods sold/Sales 62% Dividends/Net income 40% Income Statement Balance Sheet Actual Forecast Actual Forecast 2017 2018 2017 2018 Sales $ 1,000 Cash $ 100 Cost of goods sold 600 Accounts receivable 200 Operating expense 200 Inventory 500 Depreciation expense 100 Total Current Assets 800 EBIT 100 Net PP&E 1,000 Interest expense 35 Total Assets 1,800 Pre-tax income 65 Accounts payable 300 Tax 26 Bank loan 100 Net Income $39 Total Current Liabilities 400 Long-Term Debt 400 Shareholders' Equity 1,000 Total Liabilities & Equity $ 1,800 Please refer to the spreadsheet above. Selected assumptions are given for preparing pro forma financial statements for 2018. When the pro formas are completed, which of the following formulas would correctly give the forecast for cost of goods sold in cell C9?