Fish, Inc. converted to an S corporation on January 1, 20x5. At that time, Fish, Inc. had cash ($40,000), inventory (FMV $60,000, Basis $30,000), accounts receivable (FMV $40,000, Basis $40,000), and equipment (FMV $60,000, Basis $80,000). In 20x6, Fish, Inc. sells its entire inventory for $60,000 (Basis $30,000). Assuming the corporate tax rate is 21%. How much built-in gains tax does Fish, Inc. pay in 20x6? Fish, Inc. converted to an S corporation on January 1, 20x5. At that time, Fish, Inc. had cash ($40,000), inventory (FMV $60,000, Basis $30,000), accounts receivable (FMV $40,000, Basis $40,000), and equipment (FMV $60,000, Basis $80,000). In 20x6, Fish, Inc. sells its entire inventory for $60,000 (Basis $30,000). Assuming the corporate tax rate is 21%. How much built-in gains tax does Fish, Inc. pay in 20x6? A. $6,300 B. $10,000 C. $2,100 D. $0