Y, an S Corporation Formed at the Beginning of the Year

Y, an S corporation formed at the beginning of the year, has the following information in its first year: $\begin{array}{lr}\text { Gross Income from services } & \$ 100,000 \\\text { Net short-term capital loss } & (2,200) \\\text { Salary paid to F } & (10,000) \\\text { Medical insurance premium for F } & (300) \\\text { Other operating expenses } & (54,000) \\\text { Cash distributions to F } & 5,000\end{array}$ F, a 50 percent owner of Y, is single and has no other tax information.F's A.G.I.is

A) $21,900
B) $26,750
C) $26,900
D) $35,700
E) Some other amount, which is $__________________