Lan corp., an accrual-basis calendar year repair-service corporation, began business on monday, january 3, year 4. lan’s valid s corporation election took effect retroactively on january 3, year 4.assume the following facts: lan’s year 4 books recorded the following items: gross receipts $7,260interest income on investments 50charitable contributions 1,000supplies 1,120as of january 3, year 4, taylor and barr each owned 100 shares of the 200 issued shares of lan stock. on january 31, year 4, taylor and barr each sold 20 shares to pike. no election was made to terminate the tax year. lan had net business income of $14,520 for the year ended december 31, year 4, and made no distributions to its shareholders. lan’s year 4 calendar year had 363 days. required: 1. what amount of net business income should have been reported on pike’s year 4 schedule k-1 from lan? (year 4 is a 363-day tax year.) round the answer to the nearest hundred.