Smooth Sailing Company experienced the following events during 2020: (1) Purchased $1,800,000 of lumber and other materials for building boats. (2) Incurred $200,000 for advertising. (3) Paid $60,000 to have lumber transported to its factory. (4) Had sales revenue of $6,000,000 during the year. (5) Incurred $400,000 of general and administrative expenses. (6) Took a periodic inventory at year-end and determined that material costing $400,000 was on hand. The Inventory at the beginning of the year was $200,000. All costs incurred were added to the appropriate accounts. All sales were on credit. Required: Solve for the following items in the company's Raw Materials inventory account: a) Transfers in (TI). b) Beginning balance (B8). c) Transfers out (TO) d) Ending balance (EB)