Mr. Jones owns 50 of the 100 outstanding common share of Corporation JKL. JKL, a parent corporation, owns 100% of Corporation XYZ. Corporation XYZ owns 40% of the outstanding shares of Corporation ABC. And, Mr. Jones owns 60 shares of Corporation ABC. a. What tax consequences arise if ABC redeems the 60 ABC shares owned by Mr. Jones? b. Would your answer to (a) change if Mr. Jones did not own any JKL shares directly, but his mother- in-law owned 50 JKL shares?