PC:5-24 (book/static) Question Help Assume the following four scenarios: (Click the icon to view the scenarios.) Requirement In each of the four scenarios, determine whether the corporation is a personal holding company. Assume the corporation's outstanding stock is owned equally by three individuals. For each scenario, calculate the adjusted ordinary gross income (AOGI), the personal holding company incorre (PHCI), and the PHC as a percent of AOGI. Then determine whether the corporation is a personal holding company. (Complete all answer boxes. Enter "0" for zero amounts. Round percentages to one decimal place. X.X%.) Scenario 1 Scenario 2 Scenario 3 Scenario 4 Data Table Gross income Minus: Item Scenario 1 Scenario 2 Scenario 3 Scenario 4 Ordinary gross income (OG) Minus: Gross profit from sales $ 40,000 S 40,000 $ 60,000 80,000 $ 10,000 O 10,000 Adjusted ordinary gross income (AOGI) 15,000 10,000 20,000 5,000 10,000 2.000 15,000 10,000 150,000 0 80,000 0 0 Capital gains Taxable interest income Dividends received Rental income Copyright royalties Personal service income Rent-related expenses Copyright-related expenses Dividends paid 0 5,000 80,000 0 100,000 0 0 0 20,000 30,000 0 0 Choose from any list or enter any number in the input fields and then click Check Answer. O 0 0 10,000 25,000 5,000 8.000 10,000 Gross income Minus: Ordinary Capital gains Minus: Copyright royalties Adjusted Dividends received Personal service income Rental expenses Gross income Minus: Ordinary gross income (GI) Minus: Adjusted Capital gains Copyright royalties Dividends received Personal service income Rental expenses