1. The AC Partnership has two partners - Amanda and Cheryl. Each partner has a 50% interest in the partnership. Amanda also owns 80% (80 shares) of the ZZZ Corporation. The other 20% of ZZZ are owned by Wendy who is not related to Amanda or Cheryl. Based on these facts, the AC partnership will be deemed to own ______ shares of ZZZ and Cheryl will be deemed to own _____ shares of ZZZ.

   		a. 80 shares, 80 shares.
   		b. 20 shares, 20 shares.
   		c. 80 shares, 20 shares.
   		d. 80 shares, zero shares.
   		e. none of the above.