a) John, William and Fred run a construction company as a general partnership business (Shares: John 20%, William 35%, and Fred 45%). The company had a gross profit of $375,000 last year. If they distribute $250000 among themselves, and leave the rest of the profitin the business, would it be advantageous for them to incorporate as a closely held corporation? b) What if they decide to file their taxes as an S-corporation? c) Calculate the actual, average and effective taxespaid by the conlpany in all scenarios. Note: All the partners file their personal taxes as single taxpayers