Problem 9 Mia Gihhons is a vice-president of Pump You Up Ltd., a private corporation she started and currently owns equally with three of her university colleagues. Mia has recently signed a lease for an upscale downtown condominium which she intends to move into next month. It has been agreed that Pump You Up Ltd. will pay the $2, monthly rental for the condominium. No other employees have their rent paid by the company. Mia has asked you to explain the income tax consequences of this arrangement to Mia and to Pump You Up Ltd. For the next meeting you agree that you will: A. Assess the situation E. Analyze the major issues C. Conclude and advise