Candy Heaven, Inc. adopted a plan of complete liquidation. Pursuant to such plan, it distributed its FIFO inventory with a basis of $20,000 and a value of $32,000 to a 57 percent shareholder, Alf Anderson, who had a $13,000 basis in his stock. (a.) What is Candy Heaven's gain on the distribution? (b.) What is the amount and character of Alf 's gain on the receipt of the candy? (c.) What is Alf 's basis in the candy? (d.) If Alf sells the candy in bulk for $25,000 and is not a dealer, what is the amount and character of his gain or loss? (e.) What would be the tax results if Candy Heaven sold the candy to an independent third party for $32,000 and distributed the cash to Alf