Clampett, Inc., has been an S corporation since its inception. On July 15, 2020, Clampett, Inc., distributed $40,000 to J.D. His basis in his Clampett, Inc., stock on January 1, 2020, was $40,000. For 2020.J.D. was allocated $11,000 of ordinary income from Clampett, Inc., and no separately stated items. How much capital gain does J.D. recognize related to Clampett, Inc., in 2020? Multiple Choice $51,000 $40,000 $22,000 $11,000 None of the choices are correct.