Meredith harper has invested $25,000 in southwest development company. the firm has recently declared bankruptcy and has $60,000 in unpaid debts. explain the nature of payments, if any, by meredith in each of the following situations. a. southwest development company is a sole proprietorship owned by ms. harper. b. southwest development company is a 50-50 partnership of merideth harper and christopher black. c. southwest development company is a corporation.