Ace Corporation’s variable costs are equal to 43% of sales revenue. Their fixed costs per month are $600,000. Calculate the net income on sales of $2,000,000 per month.

Ace Corporation’s variable costs are equal to 43% of sales revenue. Their fixed costs per month are $600,000. Calculate the net income on sales of $2,000,000 per month.
A) $540,000
B) $260,000
C) $798,000
D) $1,140,000
E) $280,000

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