Use the following financial information about a company for 2014 to answer the questions:

• Annual sales: $13,000,000
• Annual cost of goods sold: $7,150,000
• Historically, accounts receivable at the end of the year equal about 3 weeks of annual sales.
• Average amount of debt during the year was $3,600,000.
• Historically, inventory balance at the end of the year equals about 8 weeks of annual cost of goods sold.
• Historically, accounts payable for inventory purchases is about 4 weeks of annual cost of goods sold.
• Average annual interest rate on debt was 5.25%.

1. What is the expected balance of accounts receivable at the end of the year?
2. What is the expected inventory balance at the end of the year?