Dimple LLC reports ordinary income (before guaranteed payments) of $120,000, rent expense of $40,000, and interest income of $4,000 for the year. In addition, Dimple paid guaranteed payments to partner Perry of $20,000. If Perry owns a 40% capital and profits interest, how much income will he report for the year and what is its character?

A.	$24,000 ordinary income.

B.	$24,000 ordinary income, $1,600 interest income, $20,000 guaranteed payment.

C.	$25,6700 ordinary income.

D.	$32,000 ordinary income, 1,600 interest income.