R.T. Lu and Company, a manufacturer of qualty handmade walnut bonts, has hal a steady growh in sabes for the past 5 years. However, increased competion has led Me LU, the presidene, to believe that an aggessive maketing campaign will be necessay next year to muirtain the compary's present gromth. To prepore for next year's marketing campaign, the company's cortioller has prepared and preserted Mt. Lu with the following data for the cumen year, 2020 (click the icon to view the data) Read the cesviments? Requirement 1. What is the projected oet income for 2020 ? Using the equation method, select the basic formula used to compute the tarpet not income for 2080. The target net income for 2020 is Requirement 2 . What is the breakeven point in units for 2020 ? Determine the formula that is used to compute how many bowls are neoded to b] eak even, then compute the number of bovits needed. (Enter anolicable yalues to the noavest cent, $XX.) 2: Requirements 1. What is the projected net income for 2020 ? 2. What is the breakeven point in unts for 2020 ? 3. Mr. Lu has set the revenue target for 2021 at a levet of $784,000 (or 24,500 bowts). He believes an additiona marketing cost of $63,360 for adventising in 2021, with all other costs remaining constant, will be necessary to attain the revenue targat. What is the ne income for 2021 if the additional $63,360 is spent and the revenue target is met? 4. What is the breakeven point in revenues for 2021 if the additional 363,350 is spent for adventising? 5. If the additional $63,360 is spent, what are the required 2021 revenues for 2021 net income to equal 2020 net income? 6. At a sales level of 24,500 units. What maximum amount can be spent on advertising if a 2021 net income of $93,234 is desired