Initially a calendar-year, accrual-basis corporation expects to have $1,000,000 in taxable income for the current year, but then it decides to implement a long-term bonus program for its employees. To do this, they plan to pay out $200,000 in bonuses to 20 outstanding salespeople. The corporation immediately signs a promise to pay these bonuses to the employees. The bonuses will be paid each February over the next 2 years. How much will its taxable income for the current year be? $800,000, $900,000, $1,000,000 or $1,100,000