Question: Assume the same facts as Problem 43, except that Malvern Company is a corporation, and Melva and Jim are the only shareholders. Assume that $80,000

Assume the same facts as Problem 43, except that Malvern Company is a corporation, and Melva and Jim are the only shareholders. Assume that $80,000 of the $130,000 payment to Melva is a reasonable salary, and the remaining $50,000 is a taxable dividend

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