Question $2/10$ Hill Production, Inc.$\text{'}$s four shareholders all worked part$-$time for the company. Only Rowdy and Q are considered officers of the corporation. Information about the shareholders is listed in the following table:

Shareholder Title $\%$ Ownership $2022$ Wages Insurance Premiums Paid

Rowdy Hill President $40\%$ $ $25,000$ $$2,100*$

Q Hill Treasurer $40\%$ $ $25,000$ $$2,100*$

Cam Hector$-$Hill Shareholder$/$Employee $10\%$ $$5,200$

Alex Hill Shareholder$/$Employee $10\%$ $$4,160$

$*$Included in box $1$ of the shareholder's Form W$-2$

A partially redacted version of page $1$ of Hill Production Inc.$\text{'}$s Form $1120-$S is provided for you. What is the correct amount to enter on line $7?$

The answer is not $$63,500$

$$54,200$

$$59,360$

$$63,560$

$$50,000$

Here is the copy of the redacted version of page $1$ of Hill Production Inc.$\text{'}$s Form $1120-$S is provided for you