Adam, Ben, and Carl are three friends who are proficient gamers. Due to the outbreak of CoVid- 19 all three of them were working from home and seeing an opportunity to make some extra money, Adam suggested that they make their hobby into a profit-making venture. They didn't do much in terms of setting up. They continued to play as they used to do. The only change was that they started livestreaming their gaming sessions on YouTube and Twitch in their channel called "Gaming@Home" OND Adam and Carl kept records of the number of sessions and views. They also set up a separate bank account for the income of the videos from viewer donations. Their mutual friend Zayd gave them $1,000 to purchase the Sony PlayStation 5. They started out small but with most teenagers and young professionals working from home the channel grew. They also started receiving orders and requests from game developers to prepare video commentaries and montages for which they were paid $1,000- $1,500 per video. With the increased activities Carl decided to quit his job and coordinate the preparation of the videos. Adam and Ben assisted in organising the content and the development of content. They have been working together for nearly one year. Towards the second year they hired an employee to handle their social media pages and help edit the videos. Advice the parties of the following issues: 1. Address what business structure exists between the parties? ORO ONO ON 2. Adam heard from his friend, Selina (who is a CEO of company) that she gets paid $150,000 in salary. Adam wonders if he is also entitled to salary since he is a part-owner of Gaming@Home. OND IOND OND ON (7 + 3 = 10 marks)