Lorelei files HOH and owns an inn called The Dragon Fly. Currently The Dragon Fly is a single member LLC and all income is reported on her personal income tax return. During 2017, the net income from The Dragon Fly was $175,500. Lorelei has additional taxable income (from other sources) of $115,000. She is considering incorporating The Dragon Fly. Please calculate the following: Assuming the net income remains constant for both the Dragon Fly and other sources, compare Lorelei's 2017 & projected 2019 income tax liability if The Dragon Fly remains a Single Member LLC? What was Lorelei's minimum 2017 & projected minimum 2019 income tax liability (both individual & corporate) if she incorporates The Dragon Fly (vs. had she incorporated in 2017), assuming she is able to pay herself the desired salary that results in the minimum liability? (Refer to examples 7,8,9 in chapter 3 for assistance) What should she do? Explain. Does your answer change when comparing the two years? If so, why