Charley Incorporated is a large corporation that reported revenue of $$80$ million and income of $$620,000$ this year. Included in the calculation of income was $$10,000$ of interest income, depreciation deductions of $$170,000,$ and interest expense deductions of $$420,000.$ What is the maximum amount of interest expense deduction this year?

Multiple Choice

$$10,000$

$$1,200,000$

$$360,000$

$$319,000$

$$370,000$