O A balance sheet, an income statement, and a cash disbursements journal. Mark for follow up Question 5 of 75. Paul started a business with the following characteristics: All shareholders have limited liability, the en to corporate tax, and income and expenses are passed through to shareholders. What type of entity d O C corporation. O Sole proprietorship. O S corporation. O Partnership. Mark for follow up estion 6 of 75 at form is filed by a corporation to elect Subchapter S status