Viking Corp. manufactures action figures for children. During 2017, Viking purchased $2,340,000 of used production machinery to be used in its business. For 2017, Viking's taxable income before any Sec. 179 expense deduction was $140,000. What is the maximum amount of Sec. 179 expense election Viking will be allowed to deduct for 2017 and the maximum amount of Sec. 179 expense election that can carry over to 2018?

Group of answer choices

Expense of $140,000 and carryover of $60,000

Expense of $140,000 and carryover of $360,000

Expense of $200,000 and carryover of $300,000

Expense of $500,000 and carryover of $0