4. Suppose your business is organized as a corporation.

Let’s also suppose that your own personal assets are $150,000, of which $50,000 is in the form of shares you own in the corporation. If the corporation goes bankrupt with corporate assets of

$300,000 and corporate liabilities of $420,000, you stand to lose

a. $420,000.

b. $270,000.

c. $120,000.

d. $100,000.

e. $50,000.