Robin Corporation was organized eight (8) years ago to construct family dwellings. Six (6) years ago, Robin Corporation also began selling furniture. Because of a glut in the real estate market, Robin Corporation discontinues its construction business in the current year. Robin Corporation sells all the assets used in the construction business for $4,000,000 and distributes the sales proceeds equally to its two (2) equal shareholders, Viola (an individual) and Forrow Corporation, in the redemption of one-half (1/2) of their stock. Viola has a basis of $110,000 in her redeemed stock and Forrow Corporation has a basis of $200,000 in its redeemed stock. Robin Corporation has Earnings And Profits (E&P) of $7,000,000 as of the date of the distribution. Determine the income tax consequences of the redemption to Viola, Forrow Corporation and Robin Corporation