The following income statements and other information are available for the Cato Company:

		2020		2019		2018
Sales		$494,000,000		$325,000,000		$247,000,000
Less cost of goods sold		273,000,000		156,000,000		118,300,000
Gross margin		221,000,000		169,000,000		128,700,000
Less:
Selling and administrative costs		35,750,000		32,175,000		25,454,000
Research and development		13,260,000		16,120,000		12,285,000
Income from operations		171,990,000		120,705,000		90,961,000
Less taxes on income		34,398,000		24,141,000		18,192,200
Net income		$137,592,000		$96,564,000		$72,768,800
Total assets		$929,500,000		$864,500,000		$573,300,000
Noninterest-bearing current liabilities		18,200,000		14,690,000		12,844,000
Cost of capital		12%		12%		12%

Calculate EVA for 2020. Assume that for purposes of calculating EVA, the company capitalizes research and development expenditures and amortizes them over three years, including the year they are incurred. For external reporting purposes, research and development is expensed in the year incurred, as indicated in the income statements above. (Round answer to the nearest whole dollar, e.g. 5,725. Enter negative answers preceding either - sign, e.g. -45 or in parentheses, e.g. (45).)

EVA for 2020

$______________________________________

Can you please show your work?