Blossom Orthotics Company distributes a specialized ankle support that sells for $50. The companys variable costs are $35 per unit; fixed costs total $380,000 each year.

Last year, Blossom sold 38,000 ankle supports. The companys marketing manager is convinced that a 10% reduction in the sales price, combined with a $140,000 increase in advertising, will result in a 33% increase in sales volume over last year. Compute the projected income. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Projected income $______