1. In the year 2021, Hotel V earned revenues of $2,500,000, had operating expenses of $1,230,000, paid accounts payable $200,000, received advance deposits $220,000 from customers, accrued bank loan interest expense of $30,000 but not pay yet, and paid dividends to the shareholders of $100,000. Net income for the year is:

   	A.	$1,240,000
   	B.	$1,270,000
   	C.	$1,460,000
   	D.	$1,140,000