Grocery Corporation is owned 20% by individual A and 80% by corporation B. Grocery Corporation has earnings and profits of $40,000 and makes a current cash distribution of $50,000 to A in exchange for some of her Grocery Corporation stock. As basis in the stock of Grocery Corporation is $8,000. Bs basis in the Grocery stock is $40,000. Determine the tax consequences to A if the distribution does not qualify for sale or exchange treatment under any of the 3 rules for stock redemptions we discussed in class. Determine the tax consequences to A if the distribution does qualify under one of the 3 rules for stock redemptions. Determine the tax consequences to A if the distribution is in complete liquidation of Grocery Corporation in exchange for all of As shares. Determine the tax consequences to B if B receives $100,000 in complete liquidation of Grocery Corporation in exchange for all of Bs shares.