Helene, a shareholder in Raglan, Inc., (a C corporation), would like to sell 1,600 of her shares of stock in Raglan. Since Raglan is not traded on an exchange, the only way to sell the stock is by having Raglan redeem the stock. The fair market value of the 1,600 shares of stock is $160,000. Helene purchased the stock 10 years ago for $95/ share. Raglan has E\&P of $500,000. The corporate stock in Raglan is held as follows: a. Will this redemption of 1,600 shares of Helene's stock be treated as a qualified stock redemption or will it be treated as a distribution? Support your answer with calculations. b. How much tax must Helene pay if this transaction is treated as a qualified stock redemption? Helene is an individual in the 37% tax bracket. c. How much tax must Helene pay if this transaction is treated as a distribution (i.e. this transaction is NOT a qualified stock redemption)? (Helene does not have any additional capital transactions). d. Since Helene is still in the planning stage, what are your recommendations