Step 1: Concept
For a parabola $x^2 = 4ay$, the vertex is $(0, 0)$ and the ends of the latus rectum are $(2a, a)$ and $(-2a, a)$.
Step 2: Meaning
From $x^2 = 20y$, we have $4a = 20 \implies a = 5$.
Step 3: Analysis
Vertex $V = (0, 0)$.
Ends of latus rectum: $L_1 = (10, 5)$ and $L_2 = (-10, 5)$.
The triangle has a base (the latus rectum) of length $4a = 20$.
The height of the triangle is the distance from the vertex to the latus rectum, which is $a = 5$.
$\text{Area} = \frac{1}{2} \times \text{base} \times \text{height} = \frac{1}{2} \times 20 \times 5 = 50$.
Step 4: Conclusion
The area of the triangle is 50 sq. units.
Final Answer: (D)