Assume that, according to a plan of liquidation, a corporation sells all of its assets to another business on the installment method. The corporation then distributes the installment notes to the shareholders in cancellation of their stock. Which of the following statements are true? PICK ALL THAT APPLY! The corporation recognizes any realized gain or loss on the distribution of the installment notes to its shareholders. The shareholders will recognize any realized gain or loss at the time of distribution based on the difference between the value of the installment notes and the basis of their shares. The shareholders will recognize any realized gain over the life of the installment notes. The shareholders will have installment gain over the life of the installment notes if the original corporate sale in exchange for the notes was a bulk sale even though property sold by the corporation included inventory property