You have been given the following information for PattyCakes Athletic Wear Corporation for the year:Net sales $=$ $$38,650,000.$Cost of goods sold $=$ $$22,170,000.$Other operating expenses $=$ $$5,900,000.$Addition to retained earnings $=$ $$1,205,500.$Dividends paid to preferred and common stockholders $=$ $$1,930,500.$Interest expense $=$ $$1,825,000.$The firms tax rate is $30$ percent.Next year:Net sales are expected to increase by $$9\mathrm{.}65$ million.Cost of goods sold is expected to be $60$ percent of net sales.Depreciation and other operating expenses are expected to be the same as in the last year.Interest expense is expected to be $$2,100,000.$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.