Question 7 (2 points) Sean is the sole shareholder of a regular C corporation, and Ben owns a proprietorship. In the current year, both businesses make a profit of $100,000, and each owner withdraws $50,000 from his business. With respect to this information, which of the following statements is incorrect? Sean must report $100,000 of income on his return. Ben must report $100,000 of income on his return. Ben's proprietorship is not required to pay income tax on $100,000. Sean's corporation must pay income tax on $100,000. None of these