This year Hannah participated for 390 hours in her ice cream shop business. The ice cream shop has four full-time employees. During December, Hannah spends another 120 hours working in the ice cream shop. Which of the following statements is correct with regard to her participation? Hannah's December participation will count towards her material participation if she performs 120 hours of financial statement review and analysis in her capacity as the primary investor of the ice cream shop. Hannah's December participation will count towards material participation if she performs 120 hours of roof repairs and parking lot maintenance for the purposes of accumulating more than 500 hours of participation. Hannah's December participation will countowards material participation if she performs 120 hours of work performing the same duties that she customarily performs all year long. Hannah does not need to work more than 390 hours in order to be considered a material participant in her ice cream shop. Hannah cannot be a material participant since she has four full-time employees that perform substantially all the duties in the ice cream shop