Clampett, Incorporated, has been an S corporation since its inception. On July 15, 2024, Clampett, Incorporated, distributed $50,000 to J.D. His basis in his Clampett, Incorporated, stock on January 1, 2024, was $45,000. For 2024, J.D. was allocated $10,000 of ordinary income from Clampett, Incorporated, and no separately stated items. What is the total amount of income J.D. recognizes related to Clampett, Incorporated, in 2024?

A. 60,000

B. 50,000

C. 20,000

D. 10,000

E. None of the choices are correct.