Explain the differences between the way the following items are reported by a C corporation and an S corporation: Click the icon to view the items.) (Select the best choice for how the listed items are reported for a C or S corporation. Abbreviations used: DRD = Dividends received deduction; SH = Shareholder.) Item C corporation S corporation a. b. c. d. e. f. g. - More Info a. Ordinary income or loss b. Dividend income C. Capital gains and losses d. Tax-exempt interest income e. Charitable contributions f. Nonliquidating property distributions g. Fringe benefits paid to a shareholder-employee