Ivanhoe 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 $39 Direct manufacturing labour 18 Variable overhead (manufacturing, marketing, distribution, customer service, and administration) 23 Total variable costs $80 Fixed costs Manufacturing $2,640,000 Marketing, distribution, and customer service 455,000 Administrative 785,000 Total fixed costs $3,880,000 Selling price per pair of shoes $180 Expected revenues, 2022 (50,300 units) $9,054,000 Income tax rate 40% (a) Calculate the projected operating income before tax for 2022. Operating income before tax $