2. (TCO B) Youre the sole owner of Duarte Spring Company; youpaid $200K for the

2. (TCO B) Youre the sole owner of Duarte Spring Company; youpaid $200K for the business when you acquired the firm five yearsago. Duarte is a manufacturer of high-end springs used by majoraerospace and aircraft manufacturing companies. Six months ago youcompleted your largest project to datea $500000 order deliveredto Boeing Corporation. Regrettably you just received notice fromBoeings lawyers reporting that they incurred a $50 million lossbecause your part failed and forced Boeing to miss key deliverydates of its new jumbo jet for customers. What is the dollar amountyour personal loss exposure if Duarte Spring Company is a) a soleproprietorship and b) if it is a C-Corporation and explain why?(Points : 30)