Ellie and YiLing are equal owners in Otter Enterprises, a calendar year business. During the current year, Otter Enterprises has $320,000 of gross income and $210,000 of operating expenses. In addition, Otter has a long-term capital gain of $15,000 and makes distributions to Ellie and YiLing of $25,000 each. Discuss the impact of this information on the taxable income of Otter, Ellie, and YiLing if Otter is:

a. A partnership.

b. An S corporation.

c. A C corporation.