Requirement In each of the four scenarios, determine whether the corporation is a personal holding company. Assume the corporation's outstanding stock is owned equally by three individuals. For each scenario, calculate the adjusted ordinary gross income (AOGI), the personal holding company income (PHCI), and the PHC as a percent of AOGI. Then determine whether the corporation is a personal holding company. (Complete all answer boxes. Enter "0" for zero amounts. Round percentages to one decimal place, X.X%.) Scenario 1 Scenario 2 Scenario 3 Scenario 4 - X Data table Gross income Minus: Ordinary gross income (GI) Minus: Item Scenario 1 Scenario 2 Scenario 3 Scenario 4 $ 60,000 $ 60,000 $ 50,000 $ 70,000 6,000 20,000 13,000 20.000 Adjusted ordinary gross income (AOGI) 0 0 26,000 6,000 30,000 7,000 8,000 22,000 5,000 0 70,000 0 120,000 Gross profit from sales Capital gains Taxable interest income Dividends received Rental income Copyright royalties Personal service income Rent-related expenses Copyright-related expenses Dividends paid 0 0 0 0 0 10,000 0 0 110,000 25,000 25,000 0 0 0 0 0 22,000 0 PHC income (PHCI) PHC as a percent of AOGI PHC? % % % % 12.000 15,000 1,000 8,000