Modern Motors Accessories had annual sales of $1,000,000 last year (December 31, 2017). The companys cost of goods sold (COGS) accounted for 75% of sales and is expected to be at the same level for the next few years. Its annual depreciation for last year was $50,000 and is not likely to change if production is increased or decreased. The companys annual interest expense on long-term borrowings was $150,000 and these loans will remain in their books at the same level and on same terms for two more years. The companys goal is to double its net income for this year ending on December 31, 2018.

The forecast net income for 2018 (desired goal) is $

The forecast sales for accomplishing this goal is $