Using this information below, answer the following question:

What is the Net Income required?

Total sales amount to $2,000,000

Food generates 75% of total sales

Food cost is $500,000

Beverages generated sales of $300,000 with a CMR of 0.85

The gift store generated the remaining sales at a cost of 30%

Tax rate is 27%

Annual fixed costs total $1,500,000

$1,080,000

$1,090,000

$1,010,000

$1,000,000