TRS is a large securities dealer. Last year, the company made 130,000 trades with an average commission of $130. Because of the general economic climate, TRS expects trade volume to decline by 10%. Fortunately, the average commission per trade is likely to increase by 10% because trades are expected to be large in the coming year. What are the estimated commission's revenues for TRS in the coming year?

	$16,731,000.
	$13,689,000.
	$22,308,000.
	$18,590,000.