L$.$D$.$ Brown and Company, a manufacturer of quality handmade walnut bowls, has had a steady growth in sales for the past $5$ years. However, increased competition has led Mr$.$ Brown,

the president, to believe that an aggressive marketing campaign will be necessary next year to maintain the company's present growth. To prepare for next year's marketing campaign,

the company's controller has prepared and presented Mr$.$ Brown with the following data for the current year, $2020$:

$($Click the icon to view the data.$)$

Read the requirements.

Requirement $1.$ What is the projected net income for $2020?$

Using the equation method, select the basic formula used to compute the target net income for $2020.$

The target net income for $2020$ is

Requirements

What is the projected net income for $2020?$

What is the breakeven point in units for $2020?$

Mr$.$ Brown has set the revenue target for $2021$ at a level of $$792,000($or $24,000$ bowls$).$

He believes an additional marketing cost of $$29,700$ for advertising in $2021,$ with all other

costs remaining constant, will be necessary to attain the revenue target. What is the net

income for $2021$ if the additional $$29,700$ is spent and the revenue target is met?

What is the breakeven point in revenues for $2021$ if the additional $$29,700$ is spent

for advertising?

If the additional $$29,700$ is spent, what are the required $2021$ revenues for $2021$ net

income to equal $2020$ net income?

At a sales level of $24,000$ units, what maximum amount can be spent on advertising if a

$2021$ net income of $$90,930$ is desired?