Reinus, a cash basis taxpayer, died on February 3. During the year, the estate’s executor made a distribution of $12,000 from estate income to Reinus’s sole heir and adopted a calendar year to determine the estate’s taxable income. The following additional information pertains to the estate’s income and disbursements for the year. For the calendar year, what was the estate’s distributable net income (DNI)?
Estate Income

Taxable interest ............................................................$85,000

Net long-term capital gains allocable to corpus .........10,000

Estate Disbursements

Administrative expenses attributable to taxable
income ...................................................................................$24,000
Charitable contributions from gross income to a
public charity, made under the terms of the will ...............19,000
a. $39,000
b. $42,000
c. $58,000
d. $65,000