com 34. LO.3 Rufous Corporation just lost a $1,500,000 product liability lawsuit. Its assets currently are worth $2,000,000, and its outstanding liabilities amount to $800,000 without considering the lawsuit loss. As a result of the lawsuit, Rufous's future revenue stream appears to be substantially impaired. Rufous's president, Hunter Green, asks your advice regarding the possibilities of restructuring the cor- poration. Write a memo for the tax research file explaining Hunter's choices in restructuring Rufous. vatail oneration specializing in pool equipment and C