Armon is 72 years old and does not want to take distributions from his retirement account since he is financially independent. His required minimum distribution is $2,300 per month. If he fails to take the monthly distributions next year, what is the amount of tax he will pay on the undistributed minimum distributions? Select answer from the options below $2,300.00. $23,600.00. $27,500.00. $13,800.00