Monica purchases a one$-$third interest in the Catalano Capital Corporation $($CCC$)$ in $20$X$0$ for $$40,000.$ During $20$X$1,$ CCC earns an income of $$90,000,$ and Monica receives a cash dividend of $$5,000$ from CCC$.$ What are the tax consequences for Monica of this investment in $20$X$1?$

Income of $$30,000$ in $20$X$1.$

Income of $$5,000$ in $20$X$1.$

Income of $$40,000$ in $20$X$1.$

No income in $20$X$1.$