Check my Required information (The following information applies to the questions displayed below.] points Skipped Assume the following S corporations and gross receipts, passive investment income, and corporate E&P. Will any of these corporations have its Selection terminated due to excessive passive income? If so, in what year? All became S corporations at the beginning of year 1. (Leave no answer blank. Select "NA" if no effect.) eBook Print a. Clarion Corp. References Passive Gross Investment Year Receipts Income 1 $ 1,354,708 $ 256,250 2 $1,231,389 $ 106,250 3 $ 1,141,674 $ 306,250 4 $1,348,599 $ 356,250 5 $1,501,640 $ 406,250 Corporate Earnings and Profits $ 322,050 $ 322,050 $ 232,500 $ 101,500 $ 0 Would the Selection be terminated