Sani Corporation has been a calendar-year S corporation for the last eight years and is owned 100% by Felicia. In Year 9, Felicia decides that she wants to terminate her S corporation election. If Felicia makes the termination election on March 20, Year 9 and specifies May 1, Year 9 as the effective date, when would the termination election take effect? O January 1, Year 9 O January 1, Year 10 O January 1, Year 1 O May 1, Year 9