The operating results in summarized form for a commercial printer and related supplies store for the prior year are:

The printer store is in the process of formulating its operating budget for the current year and has made the following assumptions:
- The selling prices of commercial printers are expected to increase 8 percent but there will be no selling price increases for printer supplies and maintenance contracts.
- Printer unit sales are expected to increase 3 percent with a corresponding 6 percent growth in the number of maintenance contracts; growth in unit printer supplies is estimated at 5 percent.
- The cost of commercial printers and printer supplies is expected to increase 5 percent.
- Marketing expenses will be increased 2 percent in the coming year.
- Three technicians will be added to the customer maintenance operations in the coming year, increasing the customer maintenance costs by \(\$ 150,000\).
- Administrative costs will be held at the same level.
Compute the commercial printer store's budgeted operating income for the current year.

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Revenue Commercial printers.... Printer supplies..... Maintenance contracts. Total revenue $ 6,240,000 2,600,000 1,560,000 $10,400,000