Mason Owns 45% of an S Corporation That Reported Net

Multiple Choice

Mason owns 45% of an S corporation that reported net income of $105,000 for the year.During the year, $20,000 was distributed to Mason from the corporation.How much should Mason include in his gross income for the year?

A) $20,000
B) $47,250
C) $56,250
D) $67,250