MsG Obtained a 40 Percent Interest in Business H on January

Multiple Choice

Ms.G obtained a 40 percent interest in business H on January 1 of the current year for $90,000.At the end of the year, H had the following information: If H is a partnership or an S corporation, what is G's A.G.I., assuming she has no other income or deductions for the year?

A) $4,400
B) $31,200
C) $32,000
D) $47,600