a. 32. Tara Corporation has current E&P of $320,000. During the year, it distributes numerous items to its sole shareholder, Anne. Indicate the effects of the distribution to Anne and Tara Corporation for each item distributed Inventory with a fair market value of $30,000 and an adjusted basis of $20,000. b. Truck used in business with a fair market value of $17,000 and an adjusted basis of $9,100. The truck's original cost was $22,000. c. Land with a fair market value of $210,000 that was held as an investment and was acquired in five years ago for $150,000. d. Land with a fair market value of $105,000 that was used in the business. The land was acquired five years ago for $50,000 and had an outstanding mortgage of $30,000. e. Installment obligation having a face amount of $43,000 and an adjusted basis of $29,000. The installment obligation was obtained when Tara sold ordinary income property