Pandora Corporation operates several factories in the Midwest that manufacture consumer electronics. The December 31, 2024, year-end trial balance contained the following income statement items:

Account Title	Debits	Credits
Sales revenue		$ 12,600,000
Interest revenue		51,000
Loss on sale of investments	$ 101,000
Cost of goods sold	6,210,000
Selling expenses	621,000
General and administrative expenses	1,530,000
Interest expense	41,000
Research and development expense	1,210,000
Income tax expense	901,000

Required:

Calculate the companys operating income for the year.