Question - Joe owns a 25% interest in an S Corporation that earned $250,000 in 2017. He also owns 20% of the stock in a C Corporation that earned $400,000 during the year. The S Corporation distributed $50,000 to Joe, and the C Corporation paid dividends of $15,000 to Joe. How much income must Joe report from these businesses on his individual income tax return? (Hint: A C Corporation is a separate taxable entity. An S Corporation is a flow-through entity.) Show work.