Topic: Requirements: Compare and contrast the similarities and differences of C corporations and S corporations. (In general) Your paper should address the following topics: 1. Method of incorporation. 2. Procedures for electing S corporation status. 3. How each entity is taxed. 4. Shareholder requirements. 5. Types of stock allowed to be issued by each entity. 6. Accounting methods and periods allowed. 7. Voluntary and involuntary S terminations. 8. How earnings and profits (E & P) is affected upon S election. 9. Dividends received deduction. 10. Discuss the ways basis are computed for each entity. There is no required length or word count. Simply address the topic and the requirements and provide examples to enhance your understanding of the topic.