Over the years, Jen made nondeductible contributions to her traditional IRA. At the beginning of the year, she had yet to withdraw $56,420 of her nondeductible contributions. At the end of the year, the value of the assets in the IRA was $225,850. During the year, Jen withdrew $42,000 from the account. Describe the tax consequences to Jen assuming Jen is 61 years old at the time of the distribution.