Problem 18-4 (Algorithmic) (LO. 2, 3) Sea Green Enterprises reports the following assets and liabilities on its balance sheet. Net Book Value Fair Market Value Assets $370,000 Liabilities 111,000 $555,000 111,000 Sea Green just lost a product liability suit with damages of $5,550,000 being awarded to the plaintiff. Although Sea Green will appeal the judgment, legal counsel indicates the judgment is highly unlikely to be overturned by the appellate court. The product liability insurance carried by Sea Green includes a payout ceiling of $3,330,000 Assume any net assets of the company will be used to reduce the judgment. For how much of the judgment is the entity and its owners liable if Sea Green is a sole proprietorship, a partnership, an LLC, a C corporation, and an S corporation? If an amount is zero, enter "o". a. If the form of the business entity is a sole proprietorship, the owner is ultimately liable for b. If the form of the business entity is a partnership, the partnership and the general partners are ultimately liable for $ c. If the form of the business entity is an LLC, legal liability for its debts Therefore, the members of the LLC personal liability for the $ d. If the form of the business entity is a C corporation, the corporation has limited liability of The plaintiff shareholders of the C corporation for the remaining corporate debts The e. If the form of the business entity is an Scorporation, the corporation and its shareholders are treated like