Joan uses a June 30 fiscal year. She owns a 50% profit and loss interest in a calendar year partnership. For the 2019 calendar year, the partnerships taxable income (after guaranteed payments) was $40,000, and for the 2020 calendar year it was $50,000. During the 2019 calendar year, the partnership paid Joan a guaranteed payment of $100 per month. During the 2020 calendar year, it paid Joana guaranteed payment of $200 per month. Joan must report the following total amount of income from the partnership for her June 30, 2020, tax year.

A. 21,200 b. 26,200 c. 26,800 d. 21,800 e. none