Mercedes, the sole shareholder in a corporation, had a basis of $$60,000$ in the stock of Providence Corporation which she sold to Casey on July $31,2024$ for $$160,000.$ Providence Corporation had positive Accumulated Earnings And Profits $($E&P$)$ of $$80,000$ on January $1,2024$ and positive Current Earnings And Profits $($E&P$)$ for the year of $2024$ of $$60,000.$ During $2024,$ Providence Corporation made the following distributions: $$140,000$ Cash to Mercedes on July $1,2024$ and $$160,000$ Cash to Casey on December $31,2024.$ Mercedes will have Taxable Dividend Income for $2024$ of:

Group of answer choices

$ $28,000.$

$$108,000.$

$$140,000.$

$ $80,000.$