Seton Company sales manager (in Exercise 5-9) predicts that annual sales of the company’s product will soon reach 80,000 units and its price will increase to $400 per unit. According to the production manager, the variable costs are expected to increase to $280 per unit but fixed costs will remain at $1,125,000. The income tax rate is 20%. What amounts of pretax and after-tax income can the company expect to earn from these predicted changes?