Of the following statements, which are true for the corporate form of organization? 1. It is a separate legal entity. 2. Ownership rights cannot be easily transferred. 3. Owners are not agents of the corporation. 4. Capital is more easily accumulated than with most other forms of organization. 5. It has a limited life. 6. Owners have unlimited liability for corporate debts. 7. Corporate income that is distributed to shareholders is usually taxed twice.