1. (3 Points each). Which type of federal tax return MAY the following entities elect to file in their first year of operation: Sch. C Ptsh S-corp C-corp Jason, Andrew and Spencer are equal owners of JAS, Inc., formed as a corporation under State law. Griffen and Peter are equal owners of GP, LLP, formed as a limited liability partnership under state law. Chelsie is the sole owner of Jelsma, LLC, formed as a limited liability company under state law. Heather now has her MAcc and has passed all four parts of the CPA exam. She doesn't want to spend a lot of money filing documents with any state to get started, so she paints the words Accounting By Heather on the side of her house and waits for the telephone to ring