7. Problem 3.15 (Income Statement) Edmonds Industries is forecasting the following income statement: The CEO would the to see higher sales and a forecasted net income of $2,530,000. Assume that operating costs (exciuding depreciation and amortization) are 55% of sales and that depreciation and amortizotion and interest expenses will increase by 5%. The tax rate, which is 25%, will remain the same. (Note that while the tax rate remains constant, the taxes paid will change.) What level of sales would generate $2,530,000 in net income? Round your answer to the nearest dotiar, if necessary