(Click the icon to view the data.) Read the requirements. Requirement 1. What is the projected net income for 2020? Using the equation method, select the basic formula used to compute the target net income for 2020 . The target net income for 2020 is Requirement 2. What is the breakeven point in units for 2020 ? Determine the formula that is used to compute how many bowls are needed to break even, then compute the number of bowls needed. (Enter applicable values to the nearest cent, $X.XX.) =Bowlsneededtobreakeven= Requirement 4. What is the breakeven point in revenues for 2021 if the additional $12,240 is spent for advertising? (Do not round any of your calculations.) The breakeven point in revenues for 2021 is Requirement 5. If the additional $12,240 is spent, what are the required 2021 revenues for 2021 net income to equal 2020 net income? Using the basic formula determined in requirement 1, compute the required number of units first, then the required revenue. (Do not round any of your calculations.) The required number of units is The required revenue is Requirement 6. At a sales level of 24,000 units, what maximum amount can be spent on advertising if a 2021 net income of $114,006 is desired? (Do not round any of your calculations.) Use the basic formula determined in requirement 1. The maximum amount that can be spent on advertising is (Click the icon to view the data.) Read the requirements. Requirement 1. What is the projected net income for 2020? Using the equation method, select the basic formula used to compute the target net income for 2020 . The target net income for 2020 is Requirement 2. What is the breakeven point in units for 2020 ? Determine the formula that is used to compute how many bowls are needed to break even, then compute the number of bowls needed. (Enter applicable values to the nearest cent, $X.XX.) =Bowlsneededtobreakeven= Requirement 4. What is the breakeven point in revenues for 2021 if the additional $12,240 is spent for advertising? (Do not round any of your calculations.) The breakeven point in revenues for 2021 is Requirement 5. If the additional $12,240 is spent, what are the required 2021 revenues for 2021 net income to equal 2020 net income? Using the basic formula determined in requirement 1, compute the required number of units first, then the required revenue. (Do not round any of your calculations.) The required number of units is The required revenue is Requirement 6. At a sales level of 24,000 units, what maximum amount can be spent on advertising if a 2021 net income of $114,006 is desired? (Do not round any of your calculations.) Use the basic formula determined in requirement 1. The maximum amount that can be spent on advertising is