(Answered) Question - cactus corporation an s corporation had

Accounting

Question - Cactus Corporation, an S Corporation, had accumulated earnings and profits of $100,000 at the beginning of 2008. Tex and Shirley each own 50% of the stock. Cactus does not make any distributions during 2008, but had $200,000 of ordinary income. In 2009, ordinary income was $100,000 and distributions were $100,000. What is Tex's ordinary income for 2009?

a. $0.

b. $50,000

c. $100,000

d. $200,000

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