Lisa, age 46, needed some cash so she withdrew $53,500 from her Roth IRA. At the time of the distribution, the balance in the Roth IRA was $200,000. Lisa established the Roth IRA 10 years ago. Over the years, she has contributed $20,700 to her account. What amount of the distribution is taxable and subject to early distribution penalty?

$0.

$5,350.

$32,800.

$53,500.