Sheridan, Inc. earned a net income of $$307,000$ last year. This year it wants to earn a net income of $$457,100.$ The company's fixed costs are expected to be $$307,000,$ and variable costs are expected to be $70\%$ of sales.

$($a$)$

Your answer has been saved. See score details after the due date.

Determine the required sales to meet the target net income of $$457,100$ using the mathematical equation.

Required sales $$

Attempts: $1$ of $1$ used

$($b$)$

Using a CVP income statement format, prove your answer.

$$ $ $$

$$

$$

$$

$$

$$

$$

$$ $ $$