Hawk Corporation has 2,000 shares of stock outstanding: Marina owns 800 shares, Russell owns 500 shares, Velvet Partnership owns 400 shares, and Yellow Corporation owns 300 shares. Marina and Russell, unrelated individuals, are equal partners of Velvet Partnership. Marina owns 35% of the stock in Yellow Corporation. Applying the section 318 stock attribution rules, determine how many shares in Hawk Corporation each shareholder owns, directly and indirectly: Marina Russell Velvet Partnership Yellow Corporation b. Assume, instead, that marina owns 60% of Yellow Corporation. How many shares does Marina own, directly and indirectly, in Hawk Corporation? Julio owns 1340 of the 2000 shares outstanding in Cyan Corporation. Julio had paid $55 per share for the stock 5-years ago. The remaining stock outstanding is owned by unrelated individuals. What is the tax consequence if Cyan redeemed 600 of Julio's stock holdings for 275,000. a. docs this redemption meet the test for not essentially equivalent to a dividend? Why/why not b. is this a substantially disproportionate redemption? Why/why not? c. Assuming sufficient EAP, how will the income recognized and taxed on Julio's return