Soda Company collected the following annual information on total net sales and total operating costs:

|Year| Total Net Sales |Total Operating Costs

|2014 |$8,000,000| $4,250,000

|2015 |$8,500,000| $4,400,000

In 2016, total net sales are budgeted to be $9,200,000. Using the high-low method, prepare an estimate of total operating costs for 2016, assuming total fixed costs and variable costs as a percentage of total net sales are expected to be the same in 2016 as in 2014 and 2015.

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