Song, Inc., uses the high-low method to analyze cost behavior. The company observed that at 22,000 machine hours of activity, total maintenance costs averaged $47.60 per hour. When activity jumped to 25,000 machine hours, which was still within the relevant range, the average total cost per machine hour was $42.80. On the basis of this information, the fixed cost was (Round your intermediate calculations to 2 decimal places final answer to nearest dollar amount): $1,090,000. $1,394,800. $514,800. $880,000. $540,000.