a. A customer experienced a fall in your store and sued your business corporation for negligence If she recovered $5,000 in her suit, can she require the funds from your personal bank account to be used to satisfy the judgment? Explain why or why not.

b. Assume that your company earned $250,000 at the end of the first year. Your business expenses were $50,000, which leaves a profit of $200,000. For taxation purposes would it have been best for you to be a C-Corporation or elect to become an S Corporation and why?