1. Which of the following statements is most CORRECT?
   1. Only investor-owned corporations can retain earnings.
   2. Charitable contributions to investor-owned corporations are tax-deductible.
   3. Restricted charitable contributions can only be used for the designated purpose.
   4. Only not-for-profit corporations can qualify for government grants.
   5. Equity in a not-for-profit corporation is called fund capital while equity in an investor-owned corporation is called net assets.