Music Plus Company plans to sell 800 pianos at $13,500 per piano in the coming year. The company wants to earn $980,500 in net (after tax) income next year. Assume the tax rate is 28%. Product costs include: Direct materials per piano $2,125 Direct labor per piano $3,070 Variable overhead per piano $1,910 Total fixed factory overhead $167,800 Variable selling expense is $3,450 per piano. Fixed selling and administrative expenses total $160,000.

Calculate the before-tax profit needed to achieve an after-tax target of $980,500.

Calculate the number of units that will yield operating income calculated in Part A above.

Prepare an income statement for Music Plus Company for the coming year based on the number of units computed in Part B.