spring corporation owns 100% of fall corporations single stock. it's adjusted gasis for stock is $150,000. after adopting a plan of liquidation fall distributes the following property to spring: money $40,000, lifo inventory $200,000 FMV, and equipment $75,000 FMV. the inventory has a $100,00 adjusted basis. the equipment originally cost $280,000 fall has claimed depreciation of $230,000 on equipment. fall has $130,00 E & P balance and a $30,000 NOL carryover on the liquidation date.

a. what are the amount and character of fall's recognized gain or loss when it makes the liquidating distributions?

b. what are the amount and character of springs recognized gain or loss of the surrender of fall stock?

c. what happens to fall's e &p balance and nol carryover following the liquidation?

d. what happens to spring $150,00 basis in fall stock after the liquidation?