Pandora Corporation operates several factories in the Midwest that manufacture consumer electronics. The December 31, 2018, year-end trial balance contained the following income statement items:

Account Title	Debits	Credits
Sales revenue		14,100,000
Interest revenue		66,000
Loss on sale of investments	116,000
Cost of goods sold	6,360,000
Selling expenses	636,000
General and administrative expenses	1,680,000
Interest expense	56,000
Research and development expense	1,360,000
Income tax expense	916,000

Required: Calculate the companys operating income for the year.

Total operating revenue Less operating expenses