1. Sue Ellen owns 60% of Dallas Corporation. She has a stock basis of $150,000 in the corporation. Dallas distributes property with a fair market value of $100,000 and basis of $120,000 to Sue Ellen. Dallas has earnings and profits of $250,000. Explain your work. a. What are the tax results to Sue Ellen (including basis in property) and Dallas if this is a dividend distribution? b. What are the tax results to Sue Ellen and Dallas if this is a qualifying redemption? C. What are the tax results to Sue Ellen and Dallas if this is in complete liquidation of the corporation. You may assume that this is not a pro-rata distribution