Selected information for ABC Company for the past two years appears below: Year 1 Residual income Variable costs Fixed costs Minimum required rate of return $3,750 25% of sales $172,500 9% Year 2 Residual income Variable costs Fixed costs Minimum required rate of return Turnover $74,000 60% of sales $110,000 16% 5 The margin in year 2 was three times larger than the margin in year 1. Calculate the amount of sales revenue recorded by ABC Company in year 2