Edmonds Industries is forecasting the following income statement: Sales $11,000,000 Operating costs excluding depreciation kamortization 6,050,000 EBITDA $4,950,000 Depreciation and amortization 1,540,000 EBIT $3,410,000 Interest 550,000 EBT 52,860,000 Taxes (25%) 715,000 Net income $2,145,000 The CEO would like to see higher sales and a forecasted net income of $4,010,000. Assume that operating costs (excluding depreciation and amortization) are 55% of sales and that depreciation and amortization and interest expenses will increase by 15%. 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 54,010,000 in net income? Round your answer to the nearest dollar, if necessary Hampton Industries had $37,000 in cash at year-end 2020 and $29,000 in cash at year-end 2021. The firm invested in property, plant, and equipment totaling $240,000 the majority having a useful life greater than 20 years and falling under the alternative depreciation system. Cash flow from financing activities totaled +$100,000. Round your answers to the nearest dollar, if necessary 3. What was the cash flow from operating activities? Cash outflow, if any, should be indicated by a minus sign $ b. If accruals increased by $45,000, receivables and inventories increased by $200,000, and depreciation and amortization totaled $71,000, what was the firm's net Income $