Tonya contributes $150,000 to Swan, Inc., for 80% of the stock. In addition, she loans Swan $600,000. The maturity date on the loan is 5 years and the interest rate is 3%, the same as the Federal rate. Which of the following statements are correct? a. Ifthe loan is reclassified as equity, Swan qualifies for a deduction of $600,000 when the loan is repaid, and Tonya receives dividend income of $600,000 (assuming that Swan's earnings and profits are at least$600,000). b. If the loan is not reclassified as equity, Swan can deduct interest expense annually of $18,000, and Tonya includes in gross income annually interest income of $18,000. c. Ifthe loan is reclassified as equity, Swan claims no interest deduction, and Tonya recognizes no income. d. Only a. and b e.a.,b., and c