In the Current Year,the POD Partnership Received Revenues of $100,000

Multiple Choice

In the current year,the POD Partnership received revenues of $100,000 and paid the following amounts: $20,000 in rent and utilities,and $10,000 as a distribution to partner Olivia.In addition,the partnership earned $4,000 of qualifying dividend income during the year.Partner Don owns a 50% interest in the partnership.How much income must Don report for the tax year?

A) $42,000 ordinary income.
B) $37,000 ordinary income.
C) $40,000 ordinary income;$2,000 of qualifying dividends.
D) $35,000 ordinary income;$2,000 of qualifying dividends.
E) None of the above.