Plum Corporation will begin operations on January 1. Earnings for the next five years are projected to be relatively stable at about 592,500 per year. C corporations are taxed at 21%. The shareholders of Plum are in the 32% income tax bracket and dividends are taxable at 15% Assume, if applicable, the qualified business deduction is available and not subject to any limitation or phaseout. If an amount is zero, enter "o". When required, round your answers to the nearest dollar. a. Assume that plum will reinvest its after-tax earnings in the growth of the company. 17 Plum operates as a C corporation, the corporation's income tax will be s 19,425 and the shareholders' liability will be 23,384 X If Plum operates as an 5 corporation, the corporation's income tax will be and the shareholders' ability will be Therefore, viewed from an entity-owner perspective, operating as a corporation will result in overall tax savings. Feed b. Assume that Plum will distribute its after-tax earnings each year to its shareholders and the shareholders' ability will be If Plum operates as a C corporation, the corporation's income tax will be s and the shareholders' ability will be If Plum operates as an 5 corporation, the corporation's income tax will be