SQRLY LLC has about 25 LLC members. SwanCo ( 30% owner) and QuinnCo (16\% owner) both have June 30 tax year-ends. Royce, Inc.; Larry, Inc.; and Yolanda, Inc. each own 4% (12\% total) and have September 30 taxable year-ends. Each of the other LLC members (42\% total) owns interests of 4% or less and use the calendar year (December 31). Which of the following statements is true regarding the LLC's required taxable year end? a. The taxable year is determined under the principal partner rule because the 5% owners (SwanCo and QuinnCo) have the same taxable year. b. The taxable year is determined under the majority interest rule because a majority of members have the same year-end. c. The taxable year is determined under the least aggregate deferral rule. d. The taxable year ends on December 31 because more LLC members use a calendar year than any other year