On January 15, 2020, Link Corp $\quad$ $\quad$ $\quad$

Short Answer

On January 15, 2020, Link Corp. paid $ 480,000 in property taxes on its factory building for the calendar year 2020. In the first week of April 2020, the corporation made unanticipated repairs to its plant equipment at a cost of $ 1,200,000. How should these expenses be reflected in Link's quarterly income statements? $\quad$ $\quad$ $\quad$ $\quad$ $\quad$$\text { Three Months Ended }$
$\quad \quad 3 / 31 / 20 \quad 6 / 30 / 20 \quad 9 / 30 / 20 \quad 12 / 31 / 20$
A) $\begin{array}{lccc}\$ 120,000 & \$ 520,000 & \$ 520,000 & \$ 520,000 \\\end{array}$
B) $\begin{array}{lccc}\$ 120,000 & \$ 1,320,000 & \$ 120,000 & \$ 120,000 \\\end{array}$
C) $\begin{array}{lccc}\$ 480,000 & \$ 1,200,000 & \$-0- &\quad \$-0- \\\end{array}$
D) $\begin{array}{lccc}\$ 420,000 & \$ 420,000 & \$ 420,000 & \$ 420,000\end{array}$