Jefferson Millinery incorporated (JM) decided to liquidate its wholly owned subisilary, 8 Milen High ineorporated powhe gent tad te following tax accounting bolance sheet Note: Negative amount should be indicated by a minus sign. Leove no snawer blank. Enter rero if applicable. 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 compiete liquidotion? c. What is JMI's adjusted tax basis in the bulding and land after the complete licuidorion? Complete this question by entering your answers in the tabs below. What is JMI's adjusted tax basis in the building and land after the complete liquidation