P Corporation owns 100% of a subsidiary, S Corporation. Each corporation is run independently and has no connection other than the stock ownership of P in S. P does business only in the state of Beta, where it is incorporated, while S does business only in the state of Delta, where it is incorporated. Neither Beta or Delta is a unitary taxing state. Which one of the following statements is most accurate? A. P is taxable in Delta because of its ownership of S stock B. P is not taxable in Delta because it does no business in the state C. P is taxable in Delta because of agency nexus D. P is taxable in Delta because of its economic presence there E. P is not taxable in Delta because it is not incorporated there