37. NEIU Companies, owned by Dr. Gibson who also manages the businesses, has generated more than $35 million of sales for each of the past five years. This year it is reporting the following income and deduction amounts (Use deduction available under COVID) : Sales $30,000,000 Cost of goods sold (20,000,000) Other operating expenses (17,000,000) Depreciation (2,000,000) Preliminary taxable income $ 1,000,000 Dr. Gibson just received a statement from the bank reporting interest expense of $2,000,000 on a loan to NEIU Companies to fund operations and equipment purchases. How much of the interest expense can NEIU Companies deduct in computing this year's taxable income? A) $540,000 B) $900,000 C) $1,500,000 D) $1,800,000