Kreter, Inc. earned net income of $300,000 last year. This year it wants to earn net income of $450,000. The company's fixed costs are expected to be $300,000, and variable costs are expected to be 70% of sales.

Determine the required sales to meet the target net income of $450,000 using the mathematical equation.

Required sales:________

Using a CVP income statement format, prove your answer.

Sales __________

Variable costs __________

Contribution margin ___________

Fixed costs __________

Target net income / (Loss) __________