In the current year, Riflebird Company had operating income of $220,000, operating expenses of $175,000, and a long-term capital loss of $10,000. How do Riflebird Company and Roger, the sole owner of Riflebird, report this information on their respective Federal income tax returns for the current year under the following assumptions? If an amount is zero, enter "0". a. Riflebird Company is a proprietorship (Roger did not make any withdrawals from the business). Roger reports $ 45,000 net operating profit and 10,000 long-term capital loss (before any limitations) on his tax return. Roger would claim a $ no entity 30,000 X deduction for qualified business income. Riflebird Company, as a proprietorship, files Federal income tax return for the year. Feedback Check My Work A sole proprietorship is not a taxable entity separate from the individual who owns the proprietorship. Unlike proprietorships, partnerships and S corporations, C corporations are subject to an entity-level Federal income tax. b. Riflebird Company is a C corporation (no dividends were paid during the year). Roger reports $ 0net operating profit and $ return. Riflebird Company will report taxable income of $ 0long-term capital loss (before any limitations) on his tax 0X on its Form 1120 Feedback Check My Wo