The Boyd Corporation has annual credit sales of $$1,600,000.$ Current annual expenses for the collection department are $$35,000,$ bad debt losses are $1\mathrm{.}5\%,$ and DSO is $30$ days. The firm is considering easing its collection efforts. Collection expenses will be reduced to $$22,000$ per year. The change is expected to increase bad debt losses to $2\mathrm{.}5\%$ and to increase DSO to $45$ days. In addition, sales are expected to increase to $$1,675,000.$

The opportunity cost of funds is $16\%($required return & cost of borrowing$),$ the variable cost ratio is $75\%$ of sales, and the tax rate is $25\%.$ What is the change in profits if the firm makes these changes? $($Hint: create income statements for each scenario and find the change in profits$)$ Round your final answer to whole numbers.