Pandora Corporation operates several factories in the Midwest that manufacture consumer electronics. The December 31, 2021, year-end trial balance contained the following income statement items:

Account Title	Debits			Credits
Sales revenue				$	13,300,000
Interest revenue					58,000
Loss on sale of investments	$	108,000
Cost of goods sold		6,280,000
Selling expenses		628,000
General and administrative expenses		1,600,000
Interest expense		48,000
Research and development expense		1,280,000
Income tax expense		908,000

Required: Calculate the companys operating income for the year.