The BoothBooth Corporation, a C corporation, is owned 100% by KenKen CooperCooper and had taxable income in 20182018 of $ 550 comma 000$550,000. KenKen is also an employee of the corporation. In DecemberDecember 20182018, the corporation has decided to distribute $ 470 comma 000$470,000 to KenKen and has asked you whether it would be better to distribute the money as a dividend or salary. KenKen, a single taxpayer, is in the 3737% marginal tax bracket. How would you respond to BoothBooth Corporation? Consider only income taxes for this problem. (KenKen's taxable income exceeds $ 425 comma 800$425,800.) Calculate the taxes for Booth and Ken under each option.