The audit team is preparing an expectation of revenue for the current year for a company in the auto parts industry. The prior year audited revenue amount was $11,300,000. The team interviews the following individuals and performs research as follows: 1) Company's Operating Officer - "We followed our strategic plans for an 8% growth rate and exceeded that growth rate." 2) Company's Manager of Marketing - "It was a fantastic year for sales. Several product lines achieved sales increases of over 10%." 3) Automotive Journal reported that consumers were keen to make auto parts purchases. It expects when the final numbers are in, sales will be 10% higher for the industry compared to the prior year. 4) Company's Production Manager - "We manufactured 9% more parts than the prior year, with ending inventory remaining similar to the beginning of the year." 1) 12,317,000 2) 11,300,000 3) 12,430,000 4) 12,204,000