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In: AccountingPurple Company has $200,000 in net income for2018 before deducting any compensation or otherpayment...Purple Company has $200,000 in net income for2018 before deducting any compensation or otherpayment to its sole owner, Kirsten. Kirsten is single and sheclaims the $12,000 standard deduction for 2018. Purple Company isKirsten’s only source of income. Ignoring any employment taxconsiderations, compute Kirsten’s after-tax income if:a. Purple Company is a proprietorship and Kirsten withdraws$50,000 from the business during the year; Kirsten claims a $40,000deduction for qualified business income ($200,000 x 20%).b. Purple Company is a C corporation and the corporation pays outall of its after-tax income as a dividend to Kirsten.c. Purple Company is a C corporation and the corporation paysKirsten a salary of $158,000.