Breaking Bad Trucking, Inc, which has 123 shareholders, made $100,000 in income in 2019. How will that $100,000 in income be taxed? The income will pass through the partnership to the partners, and the partners will claim the income on their personal income taxes The income will pass through the corporation to the shareholders, and the shareholders will claim the income on their personal income taxes Corporations are not subject to paying income tax The income will be subject to double taxation