Last year Drone Corporation was formed on January 1st. An S election was filed by March 15th of the same year. When the S election was filed it was missing a consent from one of the shareholders. The missing consent was filed on August 5th. Which of he following statements is correct?

A- The S election is valid for last year, if the shareholder was out of the country until August 1st.

B- The S election will be vaild beginning January 1st of the next year, if there was no reasonable cause for the late consent filing.

C- The S election is valid for last year, if the consent was late because the CPA thought that the client filed it and the client thought the CPA filed it.

D- Late consent is acceptable if there is reasonable cause for the delay and the interest of the government is not jeopardized.

E- All of the above are correct.