Answer this question based on the following three statements: 1. Corporations are subject to the corporate income tax while partnerships are subject to partnership income tax. 2. All partners of the limited partnership have limited liability. 3. One of the advantages of the corporate form of organization is that it avoids double taxation. O a. Only 1 is correct. O b. Both 2 and 3 are correct. Oc. Both 1 and 3 are correct. O d. Only 2 is correct. O e. All statements are NOT correct