s 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 Less: Cost of goods sold Gross profits $16.000 7.200 Less: Other operating expenses $ 8.800 3.250 Earnings before interest, taxes, depreciation, and amortization (EBITDA) $ 5.550 Less: Depreciation. Earnings before interest and taxes (EBIT) Less: Interest 2.000 $3.550 0.750 $ 2.808 0.588 Earnings before taxes (EBT) Less: Taxes 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 milion