2. Based on the following data, what is the net income for the company? Sales $1,000,000 Net purchases of raw materials 600,000 Cost of goods manufactured 800,000 Marketing and administrative expenses 250,000 Indirect manufacturing costs 500,000 Beginning inventory Ending inventory Work in process $500,000 $400,000 Finished goods 100,000 400,000 $150,000 $250,000 $350,000 $500,000 3. A company has $1,500,000 in current assets and $500,000 in current liabilities. The company's current inventory level is $250,000, and it plans to issue short-term debt to increase inventory. What is the largest amount of short-term debt the company may issue to increase inventory without dropping the current ratio below 2.0? $125,000 $250,000 $375,000 $500,000