Question: CAN SOME ONE PLEASE HELP WITH THIS PROBLEM Income Statement Hermann Industries is forecasting the following income statement: The CEO would like to see higher

CAN SOME ONE PLEASE HELP WITH THIS PROBLEM Income Statement Hermann IndustriesCAN SOME ONE PLEASE HELP WITH THIS PROBLEM

Income Statement Hermann Industries is forecasting the following income statement: The CEO would like to see higher sales and a forecasted net income of $3, 276,000. Assume that operating costs (excluding depreciation and amortization) are 55% of sales and that depreciation and amortization and interest expenses will increase by 15%. The tax rate, which is 40%, will remain the same. What level of sales would generate $3, 276,000 in net income? If necessary, round your answer to the nearest dollar at the end of the calculations

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