On June 1, Royal Corp. began operating a service company with an initial cash investment by shareholders of $4,030,000. The company provided $8,000,000 of services in June and received full payment in July. Royal also incurred expenses of $2774000 in June that were paid in August During June, Royal paid its shareholders cash dividends of $567000. What was the company's income before income taxes for the two months ended July 31 under the following methods of accounting