XYZ Company, a 'for-profit' business, had revenues of $15 million in 2018. Expenses other than depreciation totaled 75 percent of revenues. XYZ Company, must pay taxes at a rate of 40 percent of pretax (operating) income. All revenues were collected in cash during the year, and all expenses other than depreciation were paid in cash.

Depreciation originally was $1.5 million; however, now the company has decided to be more conservative in its depreciation of its capital assets. XYZ now has $750,000 in depreciation expense instead of $1.3 million.

Based on this change in depreciation expense, what would XYZ's net income be?

Select one or more:

a. $2,000,000

b. $1,350,000

c. $875,000

d. $1,800,000