The ABC Sales Company had a gross profit margin (gross profits divided by sales) of 32% and sales of $9.9 million last year. 74% of the firm's sales are on credit, and the remainder are cash sales. ABC current assets equal $ 1.6 million, its current liabilities equal $ 303,800 and it has $ 106,400 in cash plus marketable securities.

c.ABC inventory turnover ratio is 9.4 times. What is the level of ABC inventories? &__________(Round to the nearest dollar.)