On January 15, 2011, Vancey Company paid property taxes on its factory building for the calendar year 2011 in the amount of $560,000. In the first week of April 2011, Vancey made unanticipated major repairs to its plant equipment at a cost of $1,400,000. These repairs will benefit operations for the remainder of the calendar year. How should these expenses be reflected in Vancey's quarterly income statements? Three Months Ended 3/31/11 6/30/11 9/30/11 12/31/11 A) $140,000 $606,667 $606,667 $606,667 B) $140,000 $1,540,000 $140,000 $140,000 C) $560,000 $1,400,000 $ -0- $ -0- D) $490,000 $490,000 $490,000 $490,000