Please show work!!

Amy and Brian were investigating the acquisition of a tax accounting business, Bottom Line Inc. (BLI). As part of their discussions with the sole shareholder of the corporation, Ernesto Young, they examined the company's tax accounting balance sheet. The relevant information is summarized as follows: Appreciation Cash Receivables Building Land Total FMV $ 7,000 14,000 115,000 249,000 $385,000 Adjusted Basis $ 7,000 14,000 57,500 109,000 $187,500 57,500 140,000 $ 197,500 Payables Mortgage* Total $ 18,000 125,000 $143,000 $ 18,000 125,000 $143,000 * The mortgage is attached to the building and land. Ernesto was asking for $548,000 for the company. His tax basis in the BLI stock was $170,000. Included in the sale price was an unrecognized customer list valued at $170,000. The unallocated portion of the purchase price ($136,000) will be recorded as goodwill. Assume Ernesto agrees to sell his stock in BLI to Amy and Brian for $548,000. a. What amount of gain or loss does BLI recognize if the transaction is structured as a stock sale to Amy and Brian? What amount of corporate-level tax does BLI pay as a result of the transaction, assuming a tax rate of 21 percent? (Leave no answer blank. Enter zero if applicable. Negative amounts should be indicated by a minus sign.) Gain or loss recognized Corporate-level tax $ $ 691,000 171,190 b. What amount of gain or loss does Ernesto recognize if the transaction is structured as a stock sale to Amy and Brian? (Leave no answer blank. Enter zero if applicable. Negative amounts should be indicated by a minus sign.) X Answer is complete but not entirely correct. Gain or loss $ 45,000 recognized