A company had the following situation last year Gross sales- 6,890,000 Expenses- 3,500,000 They purchased a machine that cost 1,000,000 that they intend to depreciate over 5 years using MACRS what was their before tax income.(use year 1 of depreciation)

A company had the following situation last year Gross sales-6,890,000 Expenses- 3,500,000 They purchased a machine that cost 1,000,000 that they intend to depreciate over 5 years using MACRS what was their before tax income. (use year 1 of depreciation) 2,190,000 2,644,900 2,856,700 O 3,190,000