Shauna and Danielle decided to liquidate their jointly owned corporation, Woodward Fashions Incorporated (WFI). After liquidating its remaining inventory and paying off its remaining liabilities, WFI had the following tax accounting balance sheet: FMV Adjusted Tax Basis Appreciation Cash $ 80,000 $ 80,000 Building 16,000 8,000 8,000 Land 64,000 32,000 32,000 Total $ 160,000 $ 120,000 $ 40,000 Under the terms of the agreement, Shauna will receive the $80,000 cash in exchange for her 50 percent interest in WFI. Shauna's tax basis in her WFI stock is $20,000. Danielle will receive the building and land in exchange for her 50 percent interest in WFI. Danielle's tax basis in her WFI stock is $40,000. Assume for purposes of this problem that the cash availabl