Kretsmart, an Scorporation, reports the following results for the current year: Ordinary income $20,000 Long-term capital gain $15,000 Municipal bond interest income$5,000 Kretsmart makes a $200,000 cash distribution to its sole shareholder during the year. The shareholder's basis for Kretsmart stock on January 1 was $130,000. How much of the distribution will be taxable? YOUR ANSWER CORRECT ANSWER $0 $30,000 $35,000 $70,000