16.2: The Dawn Corporation elected S status three years ago, and its taxable income was $380,000 for the current year. At the time of its S election, it owned three parcels of land as follows: Parcel FMV $500,000 $200,000 $50,000 Basis Built-in Gain/Loss $-100,000 $50,000 $440,000 $600,000 $150,000 $60,000 o What would its built-in gains tax be if it sold parcel A for $510,000? Parcel B for $220,000? Parcel C for $530,000? What would its built-in gains tax be this year if B was sold for $220,000 in a prior year, then C is sold for $530,000 this year? 16.2: The Dawn Corporation elected S status three years ago, and its taxable income was $380,000 for the current year. At the time of its S election, it owned three parcels of land as follows: Parcel FMV $500,000 $200,000 $50,000 Basis Built-in Gain/Loss $-100,000 $50,000 $440,000 $600,000 $150,000 $60,000 o What would its built-in gains tax be if it sold parcel A for $510,000? Parcel B for $220,000? Parcel C for $530,000? What would its built-in gains tax be this year if B was sold for $220,000 in a prior year, then C is sold for $530,000 this year