Indigo Corporation wants to transfer cash of $$419,000$ or property worth $$419,000$ 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 $$419,000$ and are no longer needed in its business: Property A $($basis of $$209,500)$ and Property B $($basis of $$544,700).$

a$.$ Compute Indigo's recognized gain or loss if it distributes Property A in redemption of Brianna's shares.

The distribution of Property A would result in a realized of $ to Indigo, of which & is recognized.

b$.$ Compute Indigo's recognized gain or loss if it distributes Property B in redemption of Brianna's shares.

The distribution of Property B would result in a realized $.$ of $ to Indigo, of which $ is recognized.

c$.$ Compute Indigo's recognized gain or loss if it sells Property B to an unrelated party, then distributes the sale proceeds in redemption of Brianna's shares.

A sale of Property $B$ to an unrelated party would result in a realized of $ to Indigo, of which $ is recognized.