ABC corporation commenced business on July $20,$ Year $1.$ What is the final date at which ABC could file an election for $S$ corporation status and be recognized as valid

for the Year $1$ tax year?

Select one:

A$.$ September $15,$ Year $1.$

B$.$ December $31,$ Year $1.$

C$.$ October $15,$ Year $1.$

D$.$ October $3,$ Year $1.$