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Doug,Kate,and Gabe Own Refiner Group,Inc

Question 97

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Doug,Kate,and Gabe own Refiner Group,Inc.,an electing S corporation.The shareholder's ownership percentages and fiscal year ends follow:
 Ownership  Year End  Doug 60% January 31 Kate 20% May 31 Gabe 15% September 30\begin{array} { l c l } & \text { Ownership } & { \text { Year End } } \\\text { Doug } & 60 \% & \text { January } 31 \\\text { Kate } & 20 \% & \text { May } 31 \\\text { Gabe } & 15 \% & \text { September } 30\end{array}

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