32. ABC Systems is forecasting the following income statement for the upcoming year: Sales $5,000,000 Operating costs (excluding depreciation) $3,000,000 Gross margin $2,000,000 Depreciation $500,000 EBIT $1,500,000 Interest $500,000 EBT $1,000,000 Taxes (40%) $400,000 Net income $ 600,000 The company's president is disappointed with the forecast and would like to see ABC firm generate higher sales and a forecasted net income of $2,000,000. Assume that operating costs (excluding depreciation) are always 60 percent of sales. Also, assume that depreciation ($500,000), interest expense ($500,000), and the company's tax rate (which is 40 percent) will remain the same even if sales change. What level of sales would ABC Firm have to obtain to generate $2,000,000 in net income? Show your calculations. (10 points)