Sea Green Enterprises reports the following assets and liabilities on its balance sheet. Net Book Value Fair Market Value $1,410,000 Assets $940,000 Liabilities 282,000 282,000 Sea Green just lost a product liability suit with damages of $14,100,000 being awarded to the plaintiff. Although Sea Green will appeal the judgment, legal counsel indicates the judgment is highly unlikely to be overturned by the appellate court. The product liability insurance carried by Sea Green includes a payout ceiling of $8,460,000. Assume any net assets of the company will be used to reduce the judgment. For how much of the judgment is the entity and its owners liable if Sea Green is a sole proprietorship, a partnership, an LLC, a C corporation, and an s corporation? a. If the form of the business entity is a sole proprietorship, the owner is ultimately liable for $ b. If the form of the business entity is a partnership, the partnership and the general partners are ultimately liable for $ . Therefore, the members of the LLC C. If the form of the business entity is an LLC, legal liability for its debts personal liability for the $ The plaintiff d. If the form of the business entity is a C corporation, the C corporation has limited liability of The shareholders of the C corporation for the remaining corporate debts. e. If the form of the business entity is an S corporation, the corporation and its shareholders are treated like