. Norma formed Hyacinth Enterprises, a proprietorship, in 2018. In its first year, Hyacinth had operating revenues of S400,000 and operating expenses of $240,000. In addition, Hyacinth had a long-term capital loss of $10,000. Norma, the proprietor of Hyacinth Enterprises, withdrew $75,000 from Hyacinth during the year. Assuming Norma has no other capital gains or losses, how does this information affect her taxable income for 2018? a. Increases Norma's taxable income by $157,000 ($160,000 ordinary business income $3,000 long-term capital loss). b. Increases Norma's taxable income by S150,000 ($160,000 ordinary business income - $10,000 long-term capital loss). c. Increases Norma's taxable income by $75,000. d. Increases Norma's taxable income by $160,000. e. None of the above