In January 2020, Ricardo Ltd

In January 2020, Ricardo Ltd. estimated that its year-end bonuses to executives for calendar 2020 would be $ 960,000. In February 2020, $ 870,000 was paid in bonuses for the 2019 year-end. The estimate for 2020 is subject to year-end adjustment. How much bonus expense should be reflected in Ricardo's interim income statement for the three months ended March 31, 2020?

A) $ 960,000
B) $ 870,000
C) $ 240,000
D) $ 217,500