I need help with these questions.

(3:4-9 Walnut Corporation owns a building with a $120,000 adjusted basis and a $160,000 FMV. Walnut's E&P is $200,000. Should the corporation sell the property and distribute the sale proceeds to its shareholders or distribute the property to its shareholders and let them sell the property? Why? C:4-34 Distribution of Property Subject to a Liability. On May 10 of the current year, Stowe Corporation distributes to its shareholder Arlene $20,000 in cash and land (a capital asset) having a $50,000 FMV. The land has a $15,000 adjusted basis (for both taxable income and E&P purposes) and is subject to a $60,000 mortgage, which Arlene assumes. Stowe has an E&P balance exceeding the amount distributed and is subject to a 21% corporate tax rate. a. What are the amount and character of the income Arlene recognizes as a result of the distribution? b. What is Arlene's basis in the land? c. What are the amount and character of Stowe's gain or loss as a result of the distribution?C:4-30 Consequences of a Single Cash Distribution. Clover Corporation is a calendar year tax- payer. Connie owns all of its stock. Her basis in the stock is $10,000. On April 1 of the current (non-leap) year Clover distributes $52,000 to Connie. Determine the tax conse- quences of the cash distribution in each of the following independent situations: a. Current E&P of $15,000; accumulated E&P of $25,000. b. Current E&P of $30,000; accumulated E&P deficit of ($20,000). c. Current E&P deficit of ($73,000); accumulated E&P of $50,000. d. Current E&P deficit of ($20.000): accumulated E&P deficit of ($15.000)