Indigo Corporation wants to transfer cash of $150,000 or property worth $150,000 to one of its shareholders, Brianna, in a redemption transaction that will be treated as a qualifying stock redemption. If Indigo distributes property, the corporation will choose between two assets that are each worth $150,000 and are no longer needed in its business: Property A (basis of $75,000) and Property B (basis of $195,000).

A. Compute Indigos recognized gain or loss if it distributes Property A in redemption of Briannas shares.

B. Compute Indigos recognized gain or loss if it distributes Property B in redemption of Briannas shares.

C. Compute Indigos recognized gain or loss if it sells Property B to an unrelated party, then distributes the sale proceeds in redemption of Briannas shares.