Crane 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 $38 18 Direct manufacturing labour Variable overhead (manufacturing, marketing, distribution, customer service, and administration) 23 Total variable costs $79 Fixed costs Manufacturing Marketing, distribution, and customer service Administrative Total fixed costs $2,605,000 530,000 765,000 $3,900,000 Selling price per pair of shoes $179 Expected revenues, 2022 (51,000 units) $9,129,000 Income tax rate 40% (c) The company controller has set the revenue target for 2023 at $10,131,400 (or 56,600 pairs). He believes an additional marketing cost of $413,000 for advertising in 2023, with all other costs remaining constant, will be necessary to attain the revenue target. Calculate the operating income for 2023 if the additional $413,000 is spent and the revenue target is met. Operating income $