2. The stock of AAA Corporation is owned by Jen and Lisa, who are unrelated to each other. Jen owns 60% and Lisa owns 40% of the stock. All of AAA Corporation's assets were acquired by purchase. The following assets are to be distributed in complete liquidation of AAA Corporation: a. What gain or loss, if any, would AAA Corporation recognize if it distributes the cash, inventory, and equipment to Jen and the land to Lisa? b. What gain or loss, if any, would AAA Corporation recognize if it distributes the equipment and land to Jen and the cash and inventory to Lisa? 2. The stock of AAA Corporation is owned by Jen and Lisa, who are unrelated to each other. Jen owns 60% and Lisa owns 40% of the stock. All of AAA Corporation's assets were acquired by purchase. The following assets are to be distributed in complete liquidation of AAA Corporation: a. What gain or loss, if any, would AAA Corporation recognize if it distributes the cash, inventory, and equipment to Jen and the land to Lisa? b. What gain or loss, if any, would AAA Corporation recognize if it distributes the equipment and land to Jen and the cash and inventory to Lisa