XYZ Corporation had $100,000 in earnings and profits prior to any distributions. XYZ Corporation distributed to its shareholders a total of $30,000 in cash plus property that had a fair market value of $80,000 and a basis of $60,000. How much was the total dividend income received by the shareholders as a result of the distributions made by XYZ Corporation? A. $50,000 B. $90,000 C. $100,000 D. $110,000