Edmonds Industries is forecasting the following income statement: $12,000,000 6,600,000 $5,400,000 1,560,000 Sales Operating costs excluding depreciation & amortization EBITDA Depreciation and amortization EBIT Interest EBT Taxes (25%) Net income $3,840,000 1,080,000 $2,760,000 690,000 $2,070,000 The CEO would like to see higher sales and a forecasted net income of $2,920,000. Assume that operating costs (excluding depreciation and amortization) are 55% of sales and that depreciation and amortization and interest expenses will increase by 7%. The tax rate, which is 25%, will remain the same. (Note that while the tax rate remains constant, the taxes paid will change.) What level of sales would generate $2,920,000 in net income? Round your answer to the nearest dollar, if necessary