Infinity Production Acquired a New Machine at the Beginning of the Current

Infinity Production acquired a new machine at the beginning of the current year. The machine cost $840,000 with no residual value expected. Infinity uses the straight-line method for financial reporting, assuming a 6-year useful life. The firm classifies the equipment as 5-year MACRS property for tax purposes using the following percentages. $\begin{array}{ll}\text { Year }& \text { MACRS }(\%) \\1 & 20.00 \% \\2 & 32.00 \\3 & 19.20 \\4 & 11.52 \\5 & 11.52 \\6 & 5.76\end{array}$
The company is subject to a 30% income tax rate and has no other book-tax differences. Income before depreciation and tax is presented below:
$\begin{array}{cc}&\text {Income before}\\&\text {Tax and}\\\text { Year } & \text { Depreciation } \\\hline 1 & \$ 410,000 \\2& 460,000 \\3& 530,000 \\4 & 700,000 \\5 & 820,000 \\6& 950,000\end{array}$
What is Infinity's taxable income for year 1?

A) $265,000
B) $270,000
C) $242,000
D) $410,000