6. A, an individual, owns 100% of X Co. a. X distributes a parcel of land with a basis of $40 and a fair market value of $100 to A. What gain or loss does X have from this transaction? b. Suppose instead that X distributes a piece of equipment with a cost of $60 and accumulated depreciation of $20. Assume that A will use the asset in A's business. Will these facts change your answer? c. Same as (a) except that the land has a FMV of $30. How will this change your answer? d. What impact does the distribution have on the E&P of X? e. What is the amount of distribution to A? What basis will A have in the land? f. Same as (e) except that the land is subject to a mortgage of $20. Discuss how this will change your analysis.