Problem 15-05 (Static) [LO 15-2] Mr. and Mrs. Soon are the sole shareholders of SW Incorporated. For the last three years, SW has employed their son as a sales representative and paid him a $30,000 annual salary. During a recent IRS audit, the revenue agent discovered that the son has never made a sale and spends most of his time playing saxophone in a jazz band. Required: Determine the potential effect of this discovery on SW's taxable income and on Mr. and Mrs. Soon's taxable income under the following assumptions: a. SW Incorporated is an S corporation. b. SW Incorporated is a C corporation. Complete this question by entering your answers in the tabs below. Required A Required B Determine the potential effect of this discovery on SW's taxable income and on Mr. and Mrs. Soon's taxable income assuming SW Incorporated is an S corporation. SW Incorporated taxable income Amount Mr and Mrs. Soon's taxable income Required A Required B >