Arthur is the sole shareholder of a regular C corporation and Jane owns a sole proprietorship. In the current year, both businesses make a profit of $$120,000,$ and each owner withdraws $$75,000$ from

their business. With respect to this information, which of the following statements is incorrect?

a$.$ Jane must report $$120,000$ of income on their tax return.

b$.$ Jane's proprietorship is not required to pay its own income tax, separate from Jane, on it's $$120,000$ of profit.

c$.$ None of the choices presented are correct.

d$.$ Arthur's corproation must pay income tax on $$120,000.$

e$.$ Arthur must report $$120,000$ of income on their tax return.