2. Consider the following income statement by Cornwallis Company. Income Statement ($ thousands) Sales Operating costs EBITDA Depreciation and amortization EBIT Interest 11,000 6,600 4,400 1.000 3,400 550 2,850 599 2.252 EBT Taxes (21%) Net income The CEO would like to see higher sales and a forecasted net income of $2,500. Assume that operating costs (excluding depreciation and amortization) are 60% of sales and that depreciation and amortization and interest expenses will increase by 6%. The tax rate, which is 21%, will remain the same. (Note that while the tax rate remains constant, the taxes paid will change.) What level of sales would generate $2,500 in net income