at the beginning of the year, clampett, incorporated, had $100,000 in its aaa and $60,000 of earnings and profits from prior c corporation years. during the year, clampett, incorporated, earned $50,000 of ordinary income and paid $200,000 in distributions to its shareholders. assume that j.d. owns 25 percent of clampett, incorporated, his basis in clampett, incorporated, at the beginning of the year is $10,000, and his share of the distribution was $50,000. how much total income does j.d. recognize this year from these transactions?