HKM Enterprises Inc. (HKM), a wholesaler of glass products, purchased a newly constructed building in Year 1 for $580,000. It used the building for business purposes until Year 3 when it sold the building for $800,000 and paid a 4% real estate commission on the sale. HKM has claimed the maximum capital cost allowance (CCA) on the building since it was purchased. Ignore any issues related to the land. Which of the following is closest to the increase in HKMs net income in Year 3 as a result of the sale of the building?

A. $94,000

B. $150,600

C. $177,900

D. $193,900