You represent a wealthy client who has decided to purchase a manufacturing company, Smithon Widgets (a C corporation), that has been very profitable....

You represent a wealthy client who has decided to purchase a manufacturing company, Smithon Widgets (a C corporation), that has been very profitable. This client, Mr. Jones, is the majority shareholder of another C corporation. Johnson Services that has incurred significant losses. Mr. Jones comes to you with some questions and suggested outcomes.