Theodore has an investment in YYZ Corporation and a different investment in CXB Partnership. He has a 50-percent ownership stake in each. YYZ generates $100,000 of taxable income after paying corporate tax and makes no distribution to Theodore. CXB generates $50,000 of income and makes a $10,000 cash distribution (not in excess of Theodore’s basis). Assuming he does not sell either investment, what is Theodore’s taxable income from these investments in total?

a. $0

b. $10,000

c. $25,000

d. $35,000

e. $85,000