The following data relate to the Torrence Company for May and August:

	May				August
Maintenance hours		25,000				29,000
Maintenance cost	$	1,175,000			$	1,247,000

May and August were the lowest and highest activity levels, and Torrence uses the high-low method to analyze cost behavior. If maintenance hours are estimated to be 26,000 hours in October, which of the following statements is true?

		Total maintenance costs will be $1,182,000.
		Total maintenance costs will be $1,193,000.
		Total maintenance costs will be $1,247,000.
		Total maintenance costs will be $1,221,000.
		Total maintenance costs will be $1,175,000.