Answer the following question part a, b, c, d and e

1.1 Eligibility Requirements. May the following corporations elect Subchapter S? If not, explain why. a. A corporation is 100% owned by another corporation. b. A corporation has 101 shareholders, including Mr. and Mrs. V and Mr. and Mrs. Z. c. A family corporation is owned by a father and his three children. Since the children are under age 18, their shares are held in a trust. d. A corporation has 1,000 shares of common stock outstanding and 500 shares of authorized but unissued preferred stock. e. A corporation has 70 unrelated shareholders and 35 shareholders who are all descendants of Mr. and Mrs. A. le chanahaldare want to elect Status Do