Uber began operating in 2014. The company lost money the first year but has been profitable ever since. The companys taxable income (EBT) for its first five years is listed below. Each year the companys corporate tax rate has been 35%.

Year Taxable Income

2014 $5,000,000

2015 $2,000,000

2016 $2,000,000

2017 $2,000,000

2018 $3,000,000

Assume that the company has taken full advantage of the Tax Codes carry-back, carry-forward provisions and that the current provisions were applicable in 2014. How much did the company pay in taxes in 2017 and 2018?

A. $700,000 and $1,050,000

B. $350,000 and $1,050,000

C. $800,000 and $1,200,000

D. $600,000 and $900,000

E. None of the above