A company's income statement shows: Sales 12,600,000 Cost of Goods Sold 7.812.000 Gross Profit 4,788,000 Operating Expenses 3,654,000 Depreciation Expense 250,000 Amortization Expense 2,000 Interest Expense 156.000 726,000 Pre-Tax Profits Taxes 247.000 Net Income 479,000 The right side of the balance sheet shows: Accounts Payable 950,000 CPLTD 200,000 Line of Credit 1,000,000 Misc. Payables 108.000 Current Liabilities 2,258,000 Note Payable-Bank 1,400,000 Other LT Liabilities (non-i) 340,000 Common Stock 1,000,000 Retained Earnings 1,058,000 The company has requested $3,000,000 to fund an acquisition. Using the Funded Debt multiple approach and giving the company an additional $500,000 in Line availability, how much of the acquisition amount can you fund with senior bank debt? (Show your answer to the nearest dollar. For example, $1,234,567.89 should be entered as $1,234,568.) A company's income statement shows: Sales 12,600,000 Cost of Goods Sold 7.812.000 Gross Profit 4,788,000 Operating Expenses 3,654,000 Depreciation Expense 250,000 Amortization Expense 2,000 Interest Expense 156.000 726,000 Pre-Tax Profits Taxes 247.000 Net Income 479,000 The right side of the balance sheet shows: Accounts Payable 950,000 CPLTD 200,000 Line of Credit 1,000,000 Misc. Payables 108.000 Current Liabilities 2,258,000 Note Payable-Bank 1,400,000 Other LT Liabilities (non-i) 340,000 Common Stock 1,000,000 Retained Earnings 1,058,000 The company has requested $3,000,000 to fund an acquisition. Using the Funded Debt multiple approach and giving the company an additional $500,000 in Line availability, how much of the acquisition amount can you fund with senior bank debt? (Show your answer to the nearest dollar. For example, $1,234,567.89 should be entered as $1,234,568.)