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9. Problem 3.15 (Income Statement) Edmonds lndustries is forecasting the following income statement: The CFO would like to see higher sales and a forecasted net

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9. Problem 3.15 (Income Statement) Edmonds lndustries is forecasting the following income statement: The CFO would like to see higher sales and a forecasted net income of $2,380,000. Assume that operating costs (exclanding depreciatien and amortication) are 55\% of sales and that depreciation and amortiration and interest expenses will increase by 84. The tax rate, which is 2544 , will remain the same. (thote that while the tax rate remains constant, the taxes paid will change.) What lovel of sales would generate $2, 380,000 in net income? found your answer to the nearest dollar, if necessary

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