Lindley Textiles recently reported $15,742 of sales, $7,000 of operating costs other than depreciation, and $800 of depreciation. The company had no amortization charges and no non-operating income. It had $8,000 of bonds outstanding that carry a 7.0% interest rate, and its federal-plus-state income tax rate was 30%. How much was Lindley's operating income, or EBIT?

(Round your answer to 2 decimal places.)