George worked on the following problem. His answer is shown below. 10,760,000 ÷ 1,000 = 107,600

Which statement best describes George’s answer?

George divided by 1,000 correctly and did not make a mistake.
George divided incorrectly; the correct answer should be 1,076,000.
George divided incorrectly; the correct answer should be 10,760.
George divided incorrectly; the correct answer should be 1,076.