A company has annual sales of $8,000,000. The cost of goods sold is 70% of the sale price. Fixed selling and administrative costs are $1,600,000 a year. The company is seasonal in the sense that in each of the first two quarters it sells 10% of its annual sales, and in the each of the last two quarter 40%. However, the fixed selling and administrative costs are incurred evenly during the year. What would be the operating income in the first quarter using the integral approach (fixing for seasonality)?