Gold Corporation has taxable income before distributions of $65,400 for 2020. Accumulated E&P at 12/31/19 was $450,666. Its only shareholder, Jean Sloan, has stock basis of $30,000. Gold makes a distribution of land on 12/31/20 with a FMV of $35,600. Gold purchased the land for $22,900 four years earlier. Calculate income tax payable for Gold for 2020 assuming a 21% tax rate.