Charleston Corporation $($CC$)$ now operates as a "regular" corporation, but it is considering a switch to S Corporation status. CC is owned by $100$ stockholders who each hold $1\%$ of the stock, and each faces a personal tax rate of $35\%.$ The firm earns $$2,800,000$ per year before taxes, and since it has no need for retained earnings, it pays out all of its earnings as dividends. Assume that the corporate tax rate is $34\%$ and the personal tax rate is $35\%.$ How much more $($or less$)$ spendable income would each stockholder have if the firm elected S Corporation status?a$.$$$6,188$b$.$$$6,250$c$.$$$5,507$d$.$$$6,436$e$.$$$6,497$