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

Net sales $=$ $$38,250,000.$

Cost of goods sold $=$ $$22,070,000.$

Other operating expenses $=$ $$5,300,000.$

Addition to retained earnings $=$ $$2,195,500.$

Dividends paid to preferred and common stockholders $=$ $$1,912,000.$

Interest expense $=$ $$1,785,000.$

The firm$$s tax rate is $21$ percent.

Next year:

Net sales are expected to increase by $$9\mathrm{.}75$ 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 $$2,004,367.$

The tax rate is expected to be $21$ percent of EBT.

Dividends paid to preferred and common stockholders will not change.

Calculate the addition to retained earnings expected next year.r the year: