Cedar Corporation Is a Calendar Year Taxpayer Formed in 2010 $$\begin{array} { l l } 2014 &\$28,000 \\2013 & \$ 40,000 \\2012 & \$ 39,000 \\2011 & \$ 68,000 \\2010 & \$16,000\end{array}$$

Cedar Corporation is a calendar year taxpayer formed in 2010. Cedar's E & P for each of the past 5 years is listed below.
$$\begin{array} { l l } 2014 &\$28,000 \\2013 & \$ 40,000 \\2012 & \$ 39,000 \\2011 & \$ 68,000 \\2010 & \$16,000\end{array}$$
Cedar Corporation made the following distributions in the previous 5 years.
2013 Land (basis of $70,000, fair market value of $80,000)
2010 $20,000 cash
Cedar's accumulated E & P as of January 1, 2015 is:

A) $91,000.
B) $95,000.
C) $101,000.
D) $105,000.
E) None of the above.