On December 31 of last year, Henderson gave his son, Norbert, a gift of a 40% interest in a partnership in which capital is a material income-producing factor.  For the current calendar year, the partnership's ordinary income was $140,000.  Henderson and Norbert were the only partners in the current year. There were no guaranteed payments to partners.  Henderson's services performed for the partnership were worth a reasonable compensation of $40,000 for the current year.  Norbert has never performed any services for the partnership.  What is Norbert's distributive share of partnership income for the current year?

a.       $100,000.

b.       $84,000.

c.       $56,000.

d.      $40,000.

e.         None of the above