Clampett, Incorporated, has been an S corporation since its inception. On July 15, 2023, Clampett, Incorporated, distributed $54,000 to J.D. His basis in his Clampett, Incorporated, stock on January 1, 2023, was $30,800. For 2023, J.D. was allocated $10,400 of ordinary income from Clampett, Incorporated, and no separately stated items. How much capital gain does J.D. recognize related to Clampett, Incorporated, in 2023? Multiple Choice $64,400 $54,000 $20,400 $12,800 None of the choices are correct.