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CALCULATOR PRINTER VERSION BACK NEXT Exercise 185 Gordon Manufacturing earned net income of $100,000 during 2015. The company wants to earn net income of $40,000

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CALCULATOR PRINTER VERSION BACK NEXT Exercise 185 Gordon Manufacturing earned net income of $100,000 during 2015. The company wants to earn net income of $40,000 more during 2016. The company's fixed costs are expected to be $147,000, and variable costs are expected to be 30% of sales. Determine the required sales to meet the target net income during 2016, Required sales Fill in the dollar amounts for the summary income statement for 2016 below, based on your answer to part (a). Sales revenue Variable costs Contribution margin 176 Part Level Fixed costs Net Income /(Loss) Click if you would like to Show Work for this question: Open Show Work Question Attempts 0 of 1 used SAVE FOR LATER SUBMIT ANSWER 2 (Part Level MacBook

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