Chronicle Petroleum Corporation's pretax accounting income for the year 2019 was P1,275,000 and included the following items:

Impairment of goodwill	P90,000
Amortization of identifiable intangibles	85,500
Depreciation on building	120,000
Extraordinary losses	66,000
Extraordinary gains	225,000
Profit-sharing payments to employees	97,500

Leviticus Oil Industries is seeking to purchase Chronicle Petroleum Corporation. In attempting to measure Chronicle's normal earnings for 2019, Leviticus determines that the fair value of the building is triple the book value and that the remaining economic life is double that used by Chronicle. Leviticus would continue the profit-sharing payments to employees; such payments are based on income before depreciation and amortization. What is the normal earnings (for purposes of computing goodwill) of Chronicle Petroleum Corporation for the year 2019?