Ellie and Linda are equal owners in Otter Enterprises, a calendar year business. During the current year, Otter Enterprises has $320,000 of gross income and $210,000 of operating expenses. In addition. Otter has a long-term capital gain of $15,000 and makes distributions to Ellie and Linda of $25,000 each. What is the impact of this information on the taxable income of Otter, Ellie, and Linda? If an amount is zero, enter "0". If Otter is a partnership, it will report net ordinary business income (loss) of on its Form 1065. Ellie and Linda will and separately stated long-term capital receive gain of and each will report net profit of $. The 20/15/0% preferential tax rate applies to basis in the partnership is by the distributions. for Ellie and Linda. The partner's distributions Otter's taxable income and Select 0 reported as income by Ellie and Linda. The b. If Otter is an S corporation, it will report net ordinary business income (loss) of $ on its Form 1120S. Ellie and Linda will receive Select 0 and each will report net profit of $ and separately stated long-term capital gain of $. The 20/15/0% preferential tax rate applies to Select 0| for Ellie and Linda. The corporation's distributions Select _0 Otter's taxable income and Select reported as income by Ellie and Linda. The shareholder's basis in the corporation is Select V1 by the distributions. If Otter is a corporation, it will report net ordinary business income (loss) of $ on its Form 1120. Ellie and Linda will receive Select and each will report net profit of $ and separately stated long-term. The corporation's distributions capital gain of $ as well as dividend income of $ taxable income and Select 0 reported as income by Ellie and Linda