Henry is a 80% partner in HJ Partnership. This year, the tax form he receives from HJ (Schedule K-1 of Form 1065) shows business income of $59,000. During the year, Henry received a $14,000 distribution from HJ. Assume Henry's basis in the partnership is $28,000.

a. How much must Henry report on his Form 1040 from HJ for the tax year? $ 47,200

b. Assume HJ is a S corporation. How much must Henry report on his Form 1040 from HJ for the tax year?