Salkey Company has two owners, Gus and Jack, who are father and son. Gus owns 100 shares which he aquired in 2009 for $15,000. Jack owns 100 shares which he acuired in 2011 for $21,000. Salkey's current E&P in 2016 is $70,000. On March 18, 2016, Salkey redeemed 35 shares from Gus in return for land worth $50,000 and an adjusted basis of $10,000. a) Does the redemption qualify as a sale? b) What are the income tax consequences to Gus, Jack, and Salkey Company? c) Would your answers to (a) and (b) differ if Gus and Jack were brothers? If so, how?