Wilma's Widgets had net sales of $10,204,100 in 2020 . The cost of goods sold was $3,039,500, operating expenses (excluding depreciation) were $178,740, interest expenses were $106,460, depreciation expense was $125,070, and dividends paid were $261,440. The firm's tax rate is 35 percent. What did Wilma's Widgets report as earnings before interest and taxes (i.e., operating profit) in 2020