Cullumber Footwear Co. produces high-quality shoes. To prepare for next years marketing campaign, the companys controller has prepared the following information for the current year, 2022: Variable costs (per pair of shoes) Direct materials $41 Direct manufacturing labour 20 Variable overhead (manufacturing, marketing, distribution, customer service, and administration) 24 Total variable costs $85 Fixed costs Manufacturing $2,645,000 Marketing, distribution, and customer service 525,000 Administrative 750,000 Total fixed costs $3,920,000 Selling price per pair of shoes $185 Expected revenues, 2022 (51,500 units) $9,527,500 Income tax rate 40% Calculate the projected operating income before tax for 2022.