Wilcox Corporation reported the following results for its first three years of operation:

2020 income (before income taxes) $300,000

2021 loss (before income taxes) (2,700,000)

2022 income (before income taxes) 3,000,000

There were no permanent or temporary differences during these three years. Assume a corporate tax rate of 20% for 2020 and 2021, and 30% for 2022. Assuming that Wilcox elects to use the carryforward provision, what income (loss) is reported in 2021?

A. $(2,700,000)

B. $(1,890,000)

C. $-0-

D. $(2,640,000)

Please show work.