Jefferson Mi nery incorporated (JM) decided to liquidate its wholly owned subsidiary, 8 Miles High Incorporated (8MH). 8MH had t following tax accounting balance sheet: Note: Negative amount should be indicated by a minus sign. Leave no answer blank. Enter zero if appilcable. Required a. What amount of gain or loss does 8MH recognize in the complete liquidation? b. What amount of gain or loss does JMi recognize in the complete liquidation? c. What is JMis adjusted tax basis in the building and land after the complete liquidation? Complete this question by entering your answers in the tabs below. What amount of gain or loss does 8MH recognize in the complete liquidation? Jefferson Mi nery incorporated (JM) decided to liquidate its wholly owned subsidiary, 8 Miles High Incorporated (8MH). 8MH had t following tax accounting balance sheet: Note: Negative amount should be indicated by a minus sign. Leave no answer blank. Enter zero if appilcable. Required a. What amount of gain or loss does 8MH recognize in the complete liquidation? b. What amount of gain or loss does JMi recognize in the complete liquidation? c. What is JMis adjusted tax basis in the building and land after the complete liquidation? Complete this question by entering your answers in the tabs below. What amount of gain or loss does 8MH recognize in the complete liquidation