Your firm manufactures aluminum, a process which uses vast amounts of electricity. In November, you paid the electric company $1,680,000 for two months outstanding electricity bills. Your electricity usage for November totaled 9,000,000 Kilowatt-Hours (kWh) at a commercial rate of $0.11/kWh. Under the Accrual Method, what was your electricity expense for November?

$1,680,000

$990,000

$840,000

$1,980,000