Hummingbird Corporation has 100 shares of common stock outstanding owned as follows: Juan, 50 shares and Rosa (an unrelated party), 50 shares. Juan and Rosa each paid $1,000 per share for the Hummingbird stock 10 years ago. Hummingbird has $100,000 of accumulated E & P and $20,000 of current E & P. Hummingbird distributes land held as an investment (fair market value of $80,000, adjusted basis of $100,000) to Rosa in redemption of 25 of her shares. a. What are the tax results to Rosa on the redemption of her Hummingbird stock? b. What gain or loss results to Hummingbird Corporation on the redemption?