24. Platinum Enterprises, owned by Jian who also manages the businesses, has generated more than $30 million of sales for each of the past five years. This year it is reporting the following income and deduction amounts:

Sales	$35,000,000
Cost of goods sold	(22,000,000)
Other operating expenses	(8,000,000)
Depreciation	(2,000,000)
Preliminary taxable income	$ 3,000,000

Jian just received a statement from the bank reporting interest expense of $1,800,000 on a loan to 2021 Enterprises to fund operations and equipment purchases. How much of the interest expense can 2021 Enterprises deduct in computing this year's taxable income?

A) $540,000

B) $900,000

C) $1,500,000

D) $1,800,000