The Prompt Read the ethics scenario on page 3-14 of your text and answer the following questions 1. What do you think of Agnes's strategy? 2. Is the strategy legal under the tax code? Provide specific justification for your answer. 3. What are other strategies Agnes could use to shift income? ETHICS Agnes Meher is the owner of Lupat, a profitable construction company that she operates as a sole proprietorship As a sole proprietor, Agnes reports the business income from Lupat on her Individual tax return. Agnes expects the business to generate $400,000 of taxable income this year. Combined with her other income, this will put her in the top tax bracket (37 percent). Agnes has two children named Ellie Mae and Spencer, ages 9 and 11, respectively, who do not currently have any taxable income. Agnes would like to shift some of her income from LuPat to Ellie Mae and Spencer to reduce the overall tax burden from the business income. To shift the income, Agnes hired Elle Mae and Spencer to perform some janitorial and clerical services for Lupat paying each child $20.000. What do you think of Agnes's strategy