A, B and C, all individuals, own, respectively, 50, 20 and 30 common shares of X Corp. with adjusted bases of 2,000, 3,000 and 1,000 respectively. They are the only shareholders of X. A is the parent of B. X has E&P of 2,000 accumulated as of the end of the prior year and no E&P in the current year. A transfers 25 X shares to Xin exchange for 4,000 cash. What are all of the consequences to all of the parties? A, B and C, all individuals, own, respectively, 50, 20 and 30 common shares of X Corp. with adjusted bases of 2,000, 3,000 and 1,000 respectively. They are the only shareholders of X. A is the parent of B. X has E&P of 2,000 accumulated as of the end of the prior year and no E&P in the current year. A transfers 25 X shares to Xin exchange for 4,000 cash. What are all of the consequences to all of the parties