Owen and Jessica own and operate an S corporation. Each is a 50% owner. The business reports the following results: How do Owen and Jessica report these items for tax purposes? $225,000 income on Schedule E;$16,000 investment expense on Schedule A $68,500 income on Schedule E;$8,000 investment expense on Schedule A $68,500 income on Schedule E; $16,000 investment expense on Schedule D $137,000 income on Schedule E; $88,000 investment expense on Schedule A