During the current year, Kate sells her entire interest in Culigan Corporation common stock for $38,000. She is the sole shareholder, and originally organized the corporation several years ago by contributing $109,000 in exchange for her stock, which qualifies as Sec. 1244 stock. Since its incorporation, Culigan has been involved in the manufacture of items that protect personal computers from static electricity. Unfortunately, this market is extremely competitive, and Culigan Corporation incurs substantial losses throughout its existence. Read the requirements. Requirement a. Assuming Kate is single, what are the amount and the character of the loss recognized on the sale of the Culigan Corporation stock? (Complete all input fields. Enter a "0" for any zero balances.) 50000 Assuming Kate is single, she will recognize an ordinary loss of If Kate is single she will recognize a long-term capital loss of 27000 Requirements a. Assuming Kate is single, what are the amount and the character of the loss recognized on the sale of the Culigan Corporation stock? b. Assuming Kate is married and files a joint return, what are the amount and the character of the loss recognized on the sale of the Culigan Corporation stock? c. How would your answer to Part a change if Kate had originally purchased the stock from another shareholder rather than organizing the corporation? d. How might Kate have structured the transaction in Part a to receive a greater tax advantage