How much is the new net income, if sales increase by 50%, COGS are 60% of Sales, SG&A increases by 25%, interest expense remains the same, and the tax rate does not change? (Answer in whole dollars, no cents.)

Old Income Statement New Income Statement

Sales 50,000 Sales _____

COGS 30,000 COGS _____

SG&A 10,000 SG&A _____

EBIT 10,000 EBIT _____

Interest Exp 5,000 Interest Exp _____

EBT 5,000 EBT _____

Taxes 2,000 Taxes _____

Old Net Income $3,000 New Net Income _____