Cedar Corporation Is a Calendar Year Taxpayer Formed in 2009 $\begin{array} { l l } 2013 & \$ 28,000 \\2012 & \$ 40,000 \\2011 & \$ 39,000 \\2010 & \$ 68,000 \\2009 & \$ 16,000\end{array}$

Cedar Corporation is a calendar year taxpayer formed in 2009.Cedar's E & P for each of the past 5 years is listed below. $\begin{array} { l l } 2013 & \$ 28,000 \\2012 & \$ 40,000 \\2011 & \$ 39,000 \\2010 & \$ 68,000 \\2009 & \$ 16,000\end{array}$ Cedar Corporation made the following distributions in the previous 5 years.
2012 $~~~~~~~~$ Land (basis of $70,000, fair market value of $80,000)
2009 $~~~~~~~~$ $20,000 cash Cedar's accumulated E & P as of January 1,2014 is:

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