King Corporation, a cash method taxpayer that uses the calendar year as its tax year, was incorporated on June 1, 1984. The corporation made its initial S election on December 1 of last year, effective for the current tax year. Earnings and profits of $60,000 have been retained from C corporation tax years. Which one of the following events results in the recognition of a built-in gain?

Group of answer choices

None of the above are built-in gains.

collection of accounts receivable in the current year that resulted from services performed last year

collection of dividends declared on April 5 of the current year on stock purchased on February 14 of the current year

collection of interest income earned in the current year on bonds purchased on January 1 of last year