DO NOT USE EXCEL PLS EXPLAIN EACH STEP

Use AstroTurf Company's income statement below to answer the following two questions. a. Calculate AstroTurfs EBITDA. b. Determine what level of sales would generate $3.3m in net income for the following year (Year 2), knowing that operating costs (excl. depreciation and amortization) will increase by 5%. The tax rate will not change. Year 1 Income Statement: Sales: $11,000,000 Operating costs (excl. depreciations & amortization): $4,500,000 Depreciation and amortization: $1,500,000 Interest: $700,000 Net Income: $2,800,000 Tax Rate: 35%*