Ford Corporation has taxable income of $100,000 in 2015. It pays corporate tax of $22,250 and distributes the balance as dividends to John, the sole shareholder. For 2015, the standard deduction is $6,350 & personal deduction $4,050. Same facts as in Question 1, except John operates his business as a sole proprietorship. What is Johns taxable income? (Use the same standard and personal deduction listed above.) A. $77,750 B. $89,600 C. $22,250 D. None of the above.