Amy and Brian were investigating the acquisition of a tax accounting business, Bottom Line Incorporated (BLI). As part of their discussions with the sole shareholder of the corporation, Ernesto Young, they examined the company's tax accounting balance sheet. The relevant information is summarized as follows: FMV Adjusted Tax BasisAppreciation Cash $ 25,500 $ 25,500 Receivables 23,200 23,200 Building 133,000 66,500 66,500 Land 272,250 90,750 181,500 Total $ 453,950 $ 205,950 $ 248,000 Payables $ 23,000 $ 23,000 Mortgage* 150,000 150,000 Total $ 173,000 $ 173,000 * The mortgage is attached to the building and land. Ernesto was asking for $568,950 for the company. His tax basis in the BLI stock was $148,000. Included in the sales price was an unrecognized customer list valued at $196,000. The unallocated portion of the purchase price ($92,000) will be recorded as goodwill. Note: Negative amounts should be indicated by a minus sign. a. What amount of gain or loss does BLI recognize if the transaction is structured as a direct asset sale to Amy and Brian? What amount of corporate-level tax does BLI pay because of the transaction? b. What amount of gain or loss does Ernesto recognize if the transaction 1s structured as a direct asset sale to Amy and Brian, and BLI distributes the after-tax proceeds [computed in part (a)] to Ernesto in liquidation of his stock