Sunland Corporations trial balance at December 31, 2021, is presented below.

SUNLAND CORPORATION Trial Balance December 31, 2021
	Debit		Credit
Cash	$ 48,000
Accounts receivable	51,000
Allowance for doubtful accounts			$ 2,500
Merchandise inventory	22,700
Investment in associate	85,000
Investment at FVTOCIequity	30,000
Land	90,000
Building	200,000
Accumulated depreciationbuilding			40,000
Equipment	40,000
Accumulated depreciationequipment			15,000
Accounts payable			18,775
Income tax payable			4,500
Bonds payable (6%, due January 1, 2026)			126,025
Common shares, unlimited number of no par value shares authorized, 100,000 issued			100,000
Retained earnings			110,775
Accumulated other comprehensive income			5,000
Sales			750,000
Cost of goods sold	370,000
Operating expenses	180,000
Interest revenue			375
Interest expense	6,250
Income tax expense	50,000
Total	$1,172,950		$1,172,950

All transactions and adjustments for 2021 have been recorded and reported in the trial balance except for the items described below.

Jan. 7	Issued 1,200 preferred shares for $25,000. In total, 100,000, $2, noncumulative, convertible, preferred shares are authorized. Each preferred share is convertible into five common shares.
Mar. 16	Purchased 800 common shares of Osborne Inc., to be held for trading purposes, for $25 per share.
July 1	Purchased $100,000 Solar Inc. 10-year, 5% bonds at 108.2, when the market interest rate was 4%. Interest is received semi-annually on July 1 and January 1. Sunland purchased the bonds to earn interest.
Aug. 2	Sold the Osborne common shares for $26 per share.
5	Invested $20,000 in a money-market fund.
Sept. 25	600 of the preferred shares issued on January 7 were converted into common shares.
Oct. 24	Cashed in the money-market fund, receiving $20,000 plus $200 interest.
Nov. 30	Obtained a $50,000 bank loan by issuing a three-year, 6% note payable. Sunland is required to make equal blended payments of $1,521 at the end of each month. The first payment was made on December 31. Note that at December 31, $15,757 of the note payable is due within the next year.
Dec. 1	Declared the annual dividend on the preferred shares on December 1 to shareholders of record on December 23, payable on January 15.
31	Sunland owns 40% of RES. RES earned $22,400 and paid dividends of $1,400 in 2021. The fair value of the RES investment was $98,000.
31	Semi-annual interest is receivable on the Solar Inc. bonds on January 1, 2022. The bonds were trading at 106 on December 31, 2021.
31	The annual interest is due on the bonds payable on January 1, 2022. The par value of the bonds is $130,000 and the bonds were issued when the market interest rate was 7%.
31	The fair value of the long-term investment at FVTOCIequity was $28,200. Ignore income tax calculation.

Note that Sunland has recorded $50,000 of income tax expense for the year to date. For the purposes of this question, ignore the income tax relating to other comprehensive income. Using the income statement accounts in the trial balance, calculate income before income tax. (Round answer to 0 decimal places, e.g. 5,275.)

Income before income tax

$ = ?