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. (a) Your answer has been saved. See score details after the due date. Determine the required sales to meet the target net income of $450,000 using the mathematical equation. Required sales $ 2,500,000 Attempts: 1 of 1 used (b) Using a CVP income statement format, prove your answer. Save for Later Attempts: 0 of 1 used Submit Answer $ Contribution margin Fixed costs Variable costs Sales Target net income / (Loss) $