For its year ended December 31, 2021, cupressa corporation, an s corporation, had a net income of $216,000 which included 180,000 of ordinary income from operations and a $36,000 net long term capital gain. During 2020, a total of $90,000 was distributed to the corporation’s nine equal shareholders, all of whom are on a calendar year tax basis. For 2021, each shareholder should report:
A. None of the above
B. $20,000 ordinary income and $4,000 net long term capital gain
C. $10,000 ordinary income
D. $20,000 ordinary income
E. $24,000 ordinary income