Utease Corporation has several production plants nationwide. A newly opened plant in Dubuque produces and sells one product. The plant is treated, for responsibility accounting purposes, as a profit center. The unit standard costs for a production unit, with overhead applied based on direct labor hours, are as follows.

Manufacturing costs (per unit based on expected activity of 21,000 units or 48,300 direct labor hours):

Direct materials (2.8 pounds at $10)	$	28.00
Direct labor (2.3 hours at $80)		184.00
Variable overhead (2.3 hours at $30)		69.00
Fixed overhead (2.3 hours at $40)		92.00
Standard cost per unit	$	373.00
Budgeted selling and administrative costs:
Variable	$	8		per unit
Fixed	$	1,000,000

Expected sales activity: 19,000 units at $500 per unit

Desired ending inventories: 14% of sales

Assume this is the first year of operations for the Dubuque plant. During the year, the company had the following activity.

Units produced		20,000
Units sold		18,500
Unit selling price	$	495
Direct labor hours worked		45,500
Direct labor costs	$	3,685,500
Direct materials purchased		60,000		pounds
Direct materials costs	$	600,000
Direct materials used		60,000		pounds
Actual fixed overhead	$	800,000
Actual variable overhead	$	1,349,000
Actual selling and administrative costs	$	2,152,000

In addition, all over- or underapplied overhead and all product cost variances are adjusted to cost of goods sold.

Calculate the actual plant operating profit/loss for the year.

Operating Profit = ___________