Below is the trailing twelve months profit $/$ loss statement for ABC Company:

If ABC Company wanted to conduct a $$500,000$ advertising campaign to promote its spring

product line$-$up$,$ how much revenues would ABC Company need to breakeven on the

advertising campaign, cover its costs of goods sold $/$ variable expenses and achieve a profit

goal of $20\%?$

$$500,000$

$$1,500,000$

$$2,000,000$

$$2,500,000$