The Quad Affiliated Group Consists of Quad, a Delaware Corporation

The Quad affiliated group consists of Quad, a Delaware corporation, and its three wholly-owned subsidiaries. This year, the four corporations report the following net income (loss) . If Quad elects to file a consolidated U.S. tax return, compute consolidated taxable income assuming that subsidiaries 1 and 2 are domestic corporations and subsidiary 3 is a foreign corporation.

A) $1,000,000
B) $800,000
C) $1,400,000
D) $1,800,000