Gemma Corporation sells a single product for $40per unit. Last year, the company's sales revenue was $2,950,000 and its net operating income was $1,000,000. If fixed expenses totaled $770,000 for the year, the break-even point in sales dollars was:

a) 1,180,000

b) 770,000

c) 1,925,000

d) 1,770,000