XYZ Corporation had net income of $2,000,000 in 2015. Using 2015 as the base year, net income decreased by 70% in 2016 and increased by 180% in 2017.

Compute net income for both 2016 and 2017 for XYZ Corporation.

ABC Company reports net income of $100,000 for 2017. The profit margin for ABC Company is 10%. Calculate the net sales for ABC Company.