Edmonds industries is forecanting the following income statement: The CeO would like to see higher sales and a forecasted net income of 12,230,000. Assume that eperating costs (excluding depreciation and amortization) are s5st of sales and that deprecasion and amortiration and interest expenses wall increase by 5%. The tax rate, which is 25%, will remain the same. (Note that while the tax rate remains constant, the taxes pald wil change) What ievel of sales would generate $2,230,000 in net incorne? Round your answer to the nearest doliar, if necestary. 5. Edmonds Industries is forecasting the following income statement: Sales Operating costs excluding depreciation \& amortization EBITDA Depreciation and amortization EBIT Interest EBT Taxes (25%) Net income $10,000,0005,500,000$4,500,0001,300,000$3,200,000900,000$2,300,000575,000$1,725,000 The CEO would like to see higher sales and a forecasted net income of amortization and interest expenses will increase by 5%. The tax rate, w sales would generate $2,230,000 in net income? Round your answer to $