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Accounting help! Larson, Inc., manufactures backpacks. Last year, it sold 112,000 of its basic model for $20 per unit. The company estimates that this volume

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Larson, Inc., manufactures backpacks. Last year, it sold 112,000 of its basic model for $20 per unit. The company estimates that this volume represents a 35 percent share of the current market. The market is expected to increase by 15 percent next year. Marketing specialists have determined that as a result of new competition, the company's market share will fall to 30 percent (of this larger market). Due to changes in prices, the new price for the backpacks will be $17 per unit. This new price is expected to be in line with the competition and have no effect on the volume estimates. Required: Estimate Larson's sales revenues from this model of backpack for the coming year

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