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1 Required information [ The following information applies to the questions displayed below. ] Assume the following S corporations, gross receipts, passlve investment income, and

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Required information
[The following information applies to the questions displayed below.]
Assume the following S corporations, gross receipts, passlve investment income, and corporate earnings and profit. Will any of these corporations have its S election terminated due to excessive passive income? If so, in what year? All became S corporations at the beginning of year 1.
Note: Leave no answer blank. Select "NA" if no effect.
d. Nazmul Corporation
\table[[,,\table[[Passive],[Investment],[Income]],\table[[Corporate],[Earnings and],[Profits]]],[Year,Gross Receipts,$253,000,$545
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