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During the current year, Tourist Company had operating income of $510,000 and operating expenses of $400,000. In addition, Tourist Company had a long-term capital gain of $30,000. How does Cheryl, the sole owner of Tourist Company, report this information on her individual income tax return under the following assumptions?
(I) Tourist is a proprietorship, and Cheryl does not withdraw any funds from the company during the year.
(II) Tourist is an LLC, and Cheryl does not withdraw any funds from the company during the year.
(III) Tourist is an S corporation, and Cheryl does not withdraw any funds from the company during the year.
(IV) Tourist is a regular corporation, and Cheryl does not withdraw any funds from the company during the year.
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