Indicate whether the following statements apply to the "General rule" of nonrecognition or the "Section $338$ election".a$.$ The liquidation of a subsidiary is tax$-$free to both the subsidiary $($except for any minority interest$)$ and the parent corporation.b$.$ The subsidiary recognizes gain $($or loss$)$ on the deemed disposition of its assets. A liquidation of the subsidiary remains tax$-$free to the parent.c$.$ When the subsidiary is liquidated, the subsidiary's historical holding period in its assets carries over to the parent.d$.$ Assumes a sale and repurchase of the subsidiary's assets; and, as a result of these deemed transactions, the holding period starts anew.e$.$ The parent corporation can make an election if it acquires stock representing at least $80$ percent of the voting power and at least $80$ percent of the value of another corporation $($the "subsidiary"$)$ within a $12-$month period.