Tokless Inc. planned and manufactured 400,000 units of its single product in 2010, its first year of operations. Variable manufacturing costs were $50 per unit of production. Planned and fixed manufacturing costs were $800,000. Marketing and administrative costs (all fixed) were $600,000 in 2010. Tokless Inc. sold 195,000 units of product in 2010 at $65 per unit. Full costing operating income for 2010 is calculated to be: