Exam Question 11 of 35 Select the best answer. Retiring partner A is to receive $120,000 for his partnership interest spread over a 4-year period and paid in installments of $30,000 per year. If A's basis is $64,000 and the payments are considered to be Section 736(b) payments, how much income must A report in Year 2 if no election is made? O A. $O O B. $14,000 O C. $26,000 O D. $30,000 xam, Question Q 11 100% Complete