In 2019, Dante Corporation earned gross profits of $860,000.

a. Suppose that Dante was financed by a combination of common stock and $1.16 million of debt. The interest rate on the debt was 10%, and the corporate tax rate in 2019 was 21%. How much profit was available for common stockholders after payment of interest and corporate taxes? (Do not round intermediate calculations. Enter your answer in dollars not millions and round your answer to the nearest whole dollar amount.)

b. Now suppose that instead of issuing debt, Dante was financed by a combination of common stock and $1.10 million of preferred stock. The dividend yield on the preferred was 8%, and the corporate tax rate was still 21%. Recalculate the profit available for common stockholders after payment of preferred dividends and corporate taxes. (Do not round intermediate calculations. Enter your answer in dollars not millions and round your answer to the nearest whole dollar amount.)