user: At an auction event, the price of a TV, whose cost was $500, increased by 2/5 times its initial price. The price of a phone, which was $400, also increased by 40% from its original price. If Bethany had taken both items to the auction, calculate the total amount she received for the items after the sale at the auction. Let's think step by step and output the final answer after "####".
Answer: 1260