Sunset Corporation, with E & P of $400,000, makes a cash distribution of $120,000 to a shareholder. The shareholders basis in the Sunset stock is $50,000.

a. Determine the tax consequences to the shareholder if the distribution is a nonqualified stock redemption

b. Determine the tax consequences to the shareholder if the distribution is a qualifying stock redemption.

c. Determine the tax consequences to the shareholder if the distribution is pursuant to a complete liquidation of Sunset.

Please show calculations for each answer and explain. Thank you. I need all three of these answered.