Selected information for ABC Company for the past two years appears below: Year 1 Residual income ..................... $3,750 Variable costs ...................... 25% of sales Fixed costs ......................... $172,500 Minimum required rate of return ..... 9% Year 2 Residual income ..................... $74,000 Variable costs ...................... 60% of sales Fixed costs ......................... $110,000 Minimum required rate of return ..... 16% Turnover ............................ 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.