MrsFord,who Has a 37% Marginal Tax Rate,is the Sole Shareholder

Mrs.Ford,who has a 37% marginal tax rate,is the sole shareholder and CEO of Fast Inc.She also holds a $1 million interest-bearing note issued by Fast.The corporation's current-year financial records show the following: Compute Fast's taxable income.

A) $1,145,000
B) $1,245,000
C) $1,305,000
D) $1,465,000