Blossom Footwear Co. produces high-quality shoes. To prepare for next year's marketing campaign, the company's controller has prepared the following information for the current year, 2022: Variable costs (per pair of shoes) Direct materials Direct manufacturing labour $37 17 Variable overhead (manufacturing, marketing, distribution, customer service, and administration) 19 Total variable costs $73 Fixed costs Manufacturing Marketing, distribution, and customer service Administrative Total fixed costs Selling price per pair of shoes Expected revenues, 2022 (50,000 units) $2,500,000 450,000 700,000 $3,650,000 $173 $8,650,000 Calculate the projected operating income before tax for 2022. Operating income before tax $