Kamili Company reported the following income statement items for Year 1. Sales.. $100,000 Net income (after income taxes). 4,800 Operating income 15,000 Gross profit. 45,000 Additional data available to the management of Kamili Company indicate that cost of goods sold includes $25,000 in fixed costs (plus some amount of variable cost). In addition, selling and administrative expense includes $20,000 in fixed costs (plus some amount of variable cost). Kamili's income tax rate is 40%. Assume that the sales amount were to grow to $110,000. Also assume that this sales increase can be accomplished with no increase in total assets and thus no change in total financing. Estimate NET INCOME (after income taxes) under this assumption of sales of $110,000. Hint: In order to answer this question, you need to calculate what interest expense and income tax expense are when sales are $100,000. If the sales amount changes to $110,000, then income tax expense will probably change (as income before income taxes changes), but interest expense will NOT change (because total financing remains the same)