SON The ABC Distributing (ABC) 2019 profit and loss statement shown below. The depicted relationships are valid within $14,000,000.00 to $65,000,000.00. What level of sales would a new salesperson have to produce if annual costs (salary, expenses, and other traceable costs) were $120,000 and ABC wanted to make a 5% return (ROS) on the incremental sales? ABC 2019 Profit and Loss Statement* Sales Cost of goods sold Gross margin Variable costs $ 20,000,000 12,000,000 8,000,000 2,000,000 Fixed costs 4,000,000 Total costs Profit (before taxes) 6,000,000 $ 2,000,000 *Taxes are eliminated from the analysis to simplify and focus the calculations. 7