Cedar Corporation Is a Calendar Year Taxpayer Formed in 2013 $$\begin{array} { l l } 2017 & \$ 28,000 \\2016 & \$ 40,000 \\2015 & \$ 39,000 \\2014 & \$ 68,000 \\2013 & \$ 16,000\end{array}$$

Cedar Corporation is a calendar year taxpayer formed in 2013.Cedar's E & P before distributions for each of the past 5 years is listed below. $$\begin{array} { l l } 2017 & \$ 28,000 \\2016 & \$ 40,000 \\2015 & \$ 39,000 \\2014 & \$ 68,000 \\2013 & \$ 16,000\end{array}$$ ? Cedar Corporation made the following distributions in the previous 5 years. 2016 Land (basis of $\$ 70,000$ , fair market value of $\$ 80,000$ )
$2013 \quad \$ 20,000$ cash ?
Cedar's accumulated E & P as of January 1, 2018 is:

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