You have been given the following information for PattyCake$$s Athletic Wear Corporation for the year:

Net sales $=$ $$38,600,000.$

Cost of goods sold $=$ $$22,160,000.$

Other operating expenses $=$ $$5,800,000.$

Addition to retained earnings $=$ $$1,204,500.$

Dividends paid to preferred and common stockholders $=$ $$1,928,000.$

Interest expense $=$ $$1,820,000.$

The firm$$s tax rate is $30$ percent.

Next year:

Net sales are expected to increase by $$9\mathrm{.}60$ million.

Cost of goods sold is expected to be $60$ percent of net sales.

Depreciation and other operating expenses are expected to be the same as in the last year.

Interest expense is expected to be $$2,095,000.$

The tax rate is expected to be $30$ percent of EBT.

Dividends paid to preferred and common stockholders will not change.

Calculate the addition to retained earnings expected next year.