Red Inc., an S corporation, holds a $1,000,000 balance in accumulated E&P. It reports sales revenues of $400,000, taxable interest of $380,000, operating expenses of $250,000, and deductions attributable to the interest income of $140,000. What is Red's passive income penalty tax payable, if any? a) $0 b) $24,537 c) $116,842 d) $380,000