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Gordon Manufacturing earned net income of $100,000 during 2019. The company wants to earn net income of $40,000 more during 2020. The company's fixed costs

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Gordon Manufacturing earned net income of $100,000 during 2019. The company wants to earn net income of $40,000 more during 2020. The company's fixed costs are expected to be $147,000, and variable costs are expected to be 30% of sales. (a) Your answer is correct Determine the required sales to meet the target net income during 2020. Required sales $ 410,000 Fill in the dollar amounts for the summary income statement for 2020 below, based on your answer to part (a). $ Sales revenue Variable costs Contribution margin Fixed costs Net Income /(Loss) $

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