Jim, who is age 39, converts a $74,500 Traditional IRA to a Roth IRA in 2020. Jim's adjusted basis in the Traditional IRA is $10,000. He also makes a contribution of $6,000 to a Roth IRA in 2020 for the tax year 2020. If Jim takes a $4,000 distribution from his Roth IRA in 2021 when the account is worth $100,000, how much total federal income tax, including penalties, is due as a result of the distribution assuming his 2021 federal income tax rate is 24 percent? A. $0. B. $400. C. $960. D. $1$60