Paul and Caleb are married and are both residents of$,$ and domiciled in$,$ California. Paul makes $$48,600,$ and Caleb makes $$26,800.$ They also received $$240$ in interest income from Paul's mutual fund, which he acquired with wages during the marriage. If they elect to file separate returns, how much income will be reported on Paul's federal and California returns?

A$-$ $$37,700$

B$-$$$37,820$

C$-$ $$48,600$

D$-$ $$48,720$