P Corporation Is a PHC

P Corporation is a PHC.It has undistributed PHC income of $100,000 before subtracting dividends.During the tax year, it paid dividends of $30,000 to shareholders.It paid another $30,000 during the 2½ months following the end of the tax year.The amount of undistributed personal holding company income is

A) $40,000
B) $64,000
C) $70,000
D) $88,000
E) $100,000