Given the following information, calculate the funds from operation (FFO): net income: $1,200,000; gains/losses from infrequent and unusual events: $0; amortization of tenant improvements: $120,000; amortization of leasing expenses: $75,000; depreciation (real property): $2,675,000.

A) $195,000. B) $1,395,000. C) $2,870,000. D) $4,070,000.