Problem 2-37 Income Statement (LG2-1) Listed below is the 2021 income statement for Tom and Sue Travels, Inc. TOM AND SUE TRAVELS, INC. Income Statement for Year Ending December 31, 2021 (in millions of dollars) Net sales $16.000 Less: Cost of goods sold 7.200 Gross profits $ 8.800 Less: Other operating expenses 3.250 Earnings before interest, taxes, depreciation, and amortization (EBITDA) $ 5.550 Less: Depreciation 2.000 Earnings before interest and taxes (EBIT) $ 3.550 Less: Interest 0.750 Earnings before taxes (EBT) $ 2.800 Less: Taxes 0.588 Net income $ 2.212 The CEO of Tom and Sue's wants the company to earn a net income of $2.300 million in 2022. Cost of goods sold is expected to be 60 percent of net sales, depreciation and other operating expenses are not expected to change, interest expense is expected to increase to $1.216 million, and the firm's tax rate will be 21 percent. Calculate the net sales needed to produce net income of $2.300 million. (Enter your answer in millions of dollars rounded to 3 decimal places.) Net sales million