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Problem 18-4 (Algorithmic) (LO. 2, 3) Sea Green Enterprises reports the following assets and liabilities on its balance sheet. Sea Green just lost a product

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Problem 18-4 (Algorithmic) (LO. 2, 3) Sea Green Enterprises reports the following assets and liabilities on its balance sheet. Sea Green just lost a product liability lawsuit, with damages of $4,950,000 being awarded to the plaintiff. Although Sea Green will appeal carried by Sea Green has a policy ceiling of $2,970,000. Assume any net assets of the company will be used to reduce the judgment. What is the amount of liability of Sea Green Enterprises and its owners if the business entity is a sole proprietorship, a partnership, a corporation, and an S corporation? If an amount is zero, enter "0". a. If the form of the business entity is a sole proprietorship, the owner is ultimately liable for $ b. If the form of the business entity is a partnership, the partnership and the general partners are ultimately liable for $ c. If the form of the business entity is an LLC, legal liability for its debts Therefore, the members of the LLC personal liability for the $ d. If the form of the business entity is a C corporation, the C corporation has limited liability of The plaintiff The shareholders of the C corporation for the remaining corporate debts. e. If the form of the business entity is an S corporation, the S corporation and its shareholders are treated like

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