A taxpayer owned 1,000 shares of common stock in Barlo Corporation, which manufactures automobile parts. The taxpayer's cost basis in the stock was $82,700. Last week, Barlo declared bankruptcy, and its board of directors issued a news release that Barlo common stock should be considered worthless. Required: a. Determine the character of the $82.700 loss if the taxpayer is an individual who purchased the stock as an investment. b. Determine the character of the $82,700 loss if the taxpayer is a corporation that purchased the stock as an investment. c. Determine the character of the $82,700 loss if the taxpayer is Barlo's parent corporation that owned 96 percent of Barlo's outstanding common stock