York Engineering Ltd. forecasts sales of €1,250,000 for 2022. Assume that the firm has fixed costs of €320,000 and variable costs amount to 30% of sales. Operating expenses are estimated to include fixed costs of €37,000 and a variable portion equal to 10% of sales. Interest expenses for 2022 are estimated to be €25,000. Estimate York’s net profit before taxes for 2022.