Evergreen Corporation manufactures circuit boards and is in the process of preparing next year's budget. The pro forma income statement for the current year is presented below.

Sales				$	3,700,000
Cost of sales:
Direct material	$	520,000
Direct labor		350,000
Variable overhead		285,000
Fixed overhead		700,000			1,855,000
Gross profit				$	1,845,000
Selling and General & Admin. Exp.
Variable		770,000
Fixed		270,000			1,040,000
Operating income				$	805,000

For the coming year, the management of Evergreen Corporation anticipates a 5 percent decrease in sales, a 10 percent increase in all variable costs, and a $55,000 increase in fixed costs. The operating profit for next year would be: