On December 31, 2023, Parker Corporation was a C corporation with the following assets on its balance sheet: Basis FMV Cash $ 5,000 $ 5,000 Landwest side 60,000 35,000 Buildingwest side 225,000 240,000 Vacant loteast side 30,000 50,000 Total assets $ 320,000 $ 330,000 The west-side land and building are used in the corporation's business. The east-side vacant lot is investment property. Effective January 1, 2024, the corporation elected S corporation status by filing a timely election signed by the sole shareholder. On June 20, 2024, the corporation sold the vacant lot for $55,000. a. How much gain will the corporation recognize on the sale of the vacant lot? b. What is the corporation's pre-election built-in gain on the vacant lot? c. What was the corporation's aggregate net built-in gain at the time of the S election? d. How much built-in gain tax will the corporation pay as a result of the sale of the vacant lot? e. What amount of gain will be passed through to the sole shareholder as a result of the sale of the vacant lot