Jessica retired at age 65. On the date of her retirement, the balance in her traditional IRA was $219,000. Over the years, Jessica had made $21,900 of nondeductible contributions and $69,500 of deductible contributions to the account. If Jessica receives a $69,000 distribution from the IRA on the date of retirement, what amount of the distribution is taxable?

$0

$6,900

$51,750

$62,100

$69,000