XYZ Inc. was a C corporation through the end of Year 6.Starting at the beginning of Year 7, XYZ Inc. elected S corporation status.At the end of Year 6, XYZ had accumulated earnings and profits (E&P) of $53,700.At the end of Year 7, XYZ had a balance of $32,000 in its accumulated adjustments account (AAA).During Year 8, XYZ had ordinary income of $15,300 and made distributions of $100,000.What amount of the distribution will be a taxable dividend to the shareholders of XYZ at the end of Year 8?

a. $47,300

b. $52,700

c. $53,700

d. $1,000