The company FPA has the following income, expenses, and loss items for the current year:

SALES: 850,000

TAX EXEMPT INTEREST: 40,000

LONG-TERM CAPITAL GAIN: 85,000

SHORT-TERM CAPITAL LOSS: 35,000

PASSIVE ACTIVITY LOSS: 20,000

COST OF GOODS SOLD: 480,000

DEPRECIATION: 40,000

SECTION 179 EXPENSE: 50,000

OTHER OPERATING EXPENSES: 200,000

NET OPERATING LOSS (FROM PREVIOUS YEAR): 24,000

PREPARE A CALCULATION OF TAXABLE INCOME FOR THE FOLLOWING SCENARIOS AND INDICATE THE TX FORM(S) TO REPORT THE BUSINESS ACTIVITY:

A) SOLE PROPRIERTORSHIP

B) PARTNERSHIP EQUALLY OWNED BY VINNIE AND CHANDRA

C) CORPORATION OWNED BY KIM

D) S CORPORATION EQUALLY OWNED BY HENRY, IRIS, AND JASMINE