Zana Corp is a calendar year S corporation. Pack Corp, a C corporation, became a shareholder in Zana on September 4 (the 247th day of the non-leap calendar year). During the year, Zana reported nonseparately computed income of $182,500. Assuming no special elections are made, which scenario below describes the correct way to report Zana’s income for the tax year?

a. Zana should file a full year S corporation tax return reporting the entire income of $182,500.

b. Zana should file a full year C corporation tax return reporting the entire income of $182,500.

c. Zana should file a partial year S corporation tax return reporting income of $59,500 and a partial year C corporation tax return reporting income of $123,000.

d. Zana should file a partial year S corporation tax return reporting income of $123,000 and a partial year C corporation tax return reporting income of $59,500.