liability comparison Meredith Harper has invested $25,000 in southwest development company. the firm recently declared bankruptcy and has $60,000 in unpaid debts. Explain the nature of payment is any.by Ms. Harper in each of the following situations. A. Southwest Development Company is a sole proprietorship owned by Ms. Harper. B. Southwest Development Company is a 5050 partnership of Ms. Harper and Christopher Black. C. Southwest Development Company is a corporation.