8) Lant, a cash-basis taxpayer, owns a controlling interest in ABC, Inc. She told the bookkeeper of ABC not to write her dividend check until the beginning of January Year 2, even though all other shareholders' checks had been written and delivered in December, Year 1. Lant actually received her $20,000 dividend check in Year 2. Lant also owns interests in the DEF Corporation and GHI Enterprises, Inc. Both corporations mail dividends on the last day of December, and shareholders do not receive them until January. Lant received the DEF dividend check for $8,000 in January Year 2. The $12,000 check from GHI, however, was placed on her office desk on December 31, Year 1, since Lant is an officer of GHI. How much dividend income must Lant recognize in Year 1? A $32,000 B $40,000 C SO D $20,000