Schulz Ltd is a company operating in the Northern suburbs of Melbourne. Its statements of financial position at $31$ December $2014$ and $2015$ included the following items:

Statements of financial position at

$31$ December $201531$ December $2014$

$$000$ $$000$

Retained Earnings $33202940$

Taxation Payable $16801520$

Schulz paid $$80,000$ dividends during the year. The tax payable of $$1,520,000$ in the $2014$ statement of financial position is the tax relating to the company's profit in $2014.$ This amount was fully paid in $2015.$

Based only on the above information, which of the following is the best estimate of the cash$-$based operating profit for the year ending $31$ December $2015?$