On January 1, of the current year, Z made a gift of a 30% interest in the AAA Partnership to his daughter, D. The partnership's business was auto repair; capital was not a material income-producing factor. D had no interest in working as a mechanic. Z, who retained a 20% interest, and Mr. G, the other partner, performed all the work. A reasonable salary for Z was $60,000 and for G was $20,000, which they received as guaranteed payments. During the tax year, AAA had taxable income of $160,000 before any guaranteed payments. How much income should Z include in his return for the current year? A. $60,000 B. $76,000 C. $80,000 D. $100,000