1. 2021 Income statement of Edmunds Co. is provided below. ( 5 points) The CEO would like to see the net income of $1,500,000 in 2022. Assume operating costs excluding D\&A is 60% of sales for 2022. D\&A and interest expense will increase by 7% from 2021 . The tax rate will remain the same (Note that while tax rate remains the same, the taxes paid will change). What level of sales would generate $1,500,000 in net income