Question 40 of 75. How would dividends, interest, gross rents, and gross royalties be reported on Form 1120-S? On the shareholder's Schedule K-1 (Form 1120-S), Part Ill as ordinary business income (loss). On the shareholder's Schedule K-1 (Form 1120-S), Part III as net real estate, interest, dividend or royalty income (loss). O On Form 1120-S as other income or loss. O These items are only reported in the income section on Form 1120. Mark for follow up