Mark LLC (taxed as a partnership) reports gross income from operations of $140,000, rent and other operating expenses of $40,000, and interest income of $4,000 for the year, all before guaranteed payments. In addition, Mark made guaranteed payments to only one partner, Robert, for services rendered by him, totaling $20,000. If partner Robert owns a 40% capital and profits interest, how much income will he report for the year and what is its character?

a. $24,000 operating income and $1,600 interest income.

b. $25,600 operating income.

c. $24,000 operating income, $1,600 interest income, $20,000 guaranteed payment.

d. $32,000 operating income, $1,600 interest income, $20,000 guaranteed payment.

e. $32,000 operating income, 1,600 interest income.