1. Hypo 3

   After finding a miracle cure for latex allergies, Debbie and Ians painting enterprise has blown up and is now what can only be described as a painting empire. Debbie and Ian now realize there may be money to be made, not just in painting, but in selling shares of the company and perhaps even branching out into other enterprises.

   Debbie and Ian create Eagle Painting Services, Inc. as an S corporation with 100 available shares. Based on the amount of their respective initial investments in the corporation, Debbie receives 27 shares and Ian receives 24 shares. The remaining shares are sold to William (13 shares), Collin (17 shares), and Betsy (19 shares). To form the board of directors, Debbie is named president and Ian takes on the roles of vice president and secretary. They then hire Lisa to be Chief Executive Officer, Tommy as Chief Financial Officer, and Charles as Chief Operations Officer.

   Q: Of those listed above, who are the owners the corporation? (Choose all that apply.)

   [Hint: This one's in the chart as well.]

   	1.	Debbie
   	2.	William
   	3.	Betsy
   	4.	Charles
   	5.	Collin
   	6.	Lisa
   	7.	Tommy
   	8.	Ian