During the current year, Barb sells her entire interest in Canner Corporation common stock for $23,000. She is the sole shareholder, and originally organized the corporation several years ago by contributing $83,000 in exchange for her stock, which qualifies as Sec. 1244 stock. Since its incorporation, Canner has been involved in the manufacture of items that protect personal computers from static electricity. Unfortunately, this market is extremely competitive, and Canner Corporation incurs substantial losses throughout its existence. Read the requirements ... Requirement a. Assuming Barb is single, what are the amount and the character of the loss recognized on the sale of the Canner Corporation stock? (Complete all input fields. Enter a "0" for any zero balances.) Assuming Barb is single, she will recognize an ordinary loss of If Barb is single she will recognize a long-term capital loss of Requirement b. Assuming Barb is married and files a joint return, what are the amount and the character of the loss recognized on the sale of the Canner Corporation stock? (Complete all input fields. Enter a "0" for any zero balances.) Assuming Barb is married and files a joint return, she will recognize an ordinary loss of If Barb is married and files a joint return, she will recognize a long-term capital loss of Requirement c. How would your answer to Part a change if Barb had originally purchased the stock from another shareholder rather than organizing the corporation? (Complete all input fields. Enter a "0" for any zero balances.) If Barb had originally purchased the stock from another shareholder she will recognize an ordinary loss of If Barb had originally purchased the stock from another shareholder she will recognize a long-term capital loss of Requirement d. How might Barb have structured the transaction in Part a to receive a greater tax advantage? O A. By selling all of the stock in the following year Barb could convert the entire loss on the sale to a capital loss. O B. By selling a portion of the stock (up to $50,000) in one year and the remaining stock (up to $50,000) in another year Barb could convert the entire loss on the sale to an ordinary loss. OC. By selling all of the stock in the following year Barb could convert the entire loss on the sale to an ordinary loss. OD. By selling another capital investment at a gain Barb could offset the loss on the sale of Canner Corporation common stock