B Corporation Reported Taxable Income in 2012 of $1 Million

B Corporation reported taxable income in 2012 of $1 million.Additional information concerning B's 2012 tax return is as follows: Alternative minimum taxable income (without regard to the ACE adjustment item) $1.2 million
Adjusted current earnings (ACE) 2.0 million
B Corporation's alternative minimum tax for 2012 is

A) $20,000
B) $240,000
C) $320,000
D) None of the above