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1. Cye is the sole owner of Sports World Enterprises. The company earned net operating income of $85,000 during 2015 and had a LTCL of

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1. Cye is the sole owner of Sports World Enterprises. The company earned net operating income of $85,000 during 2015 and had a LTCL of $12,000. He withdrew $40,000 of the prot from Sports World during the year. How should he report this information if Sports World is: a. A sole proprietorship? b. A CCorp? c. An S-Corp

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