Barb owns all 100 shares of Crown Corporation stock having a $ 1.1 million FMV. Her basis in the stock is $ 400,000 . Crown's E&P balance is $ 700,000. Grant would like to purchase the stock but wants only the corporation's non-cash assets valued at $ 750,000. Grant is willing to pay $ 750,000 for these assets

What are the tax consequences to Barb, Grant, and Crown if Grant purchases 75 shares of Crown

stock for $ 750,000 and Crown redeems Barb's remaining 25 shares for $ 350,000 cash?

How would your answer to Part a change (if at all) if Crown first redeems 25 shares of Barb's stock for

$ 350,000 and then Grant purchases the remaining 75 shares from Barb for $ 750,000?