The First Company owns 65% of the shares of Second Company as well as 10% of the shares of Third Company. Second Company owns 35% of the shares of Third Company. Mr. Fitz, who owns all of the shares of First Company, also owns 5% of the shares of Third Company and has options in Third Company shares that would, if exercised, increase his ownership by another 10%. Mr. Fitz's 12-year-old son owns 15% of the Third Company shares. Indicate whether the three corporations are associated, specifically (1) First and Second, (2) First and Third, and (3) Second and Third. Explain the conclusion with the reason .