Sellars Corp. sells bags of popcorn. The marketing department prepared the following first-quarter sales forecast: January 3,000 bags February 2,800 bags March 3,500 bags There were 240 bags on hand at the beginning of January and the company anticipates selling 2,000 bags in April. Question: If the company tries to maintain 8 percent of next month's forecasted sales in inventory, what is the projected production for the first quarter?