Tempe Corporation is a calendar-year corporation. At the beginning of 2021, its election to be taxed as an S corporation became effective. Tempe Corporations balance sheet at the end of 2020 reflected the following assets (it did not have any earnings and profits from its prior years as a C corporation):

Asset	Adjusted Basis	FMV
Cash	$ 23,500	$ 23,500
Accounts receivable	42,100	42,100
Inventory	174,000	221,000
Land	164,000	127,000
Totals	$ 403,600	$ 413,600

Tempe Corporations business income for the year was $43,500 (this would have been its taxable income if it were a C corporation).

During 2021, Tempe Corporation sold all of the inventory it owned at the beginning of the year for $238,000.

a. What is its built-in gains tax in 2021?

b. Assume the original facts, except that if Tempe Corporation were a C corporation, its taxable income would have been $8,400. What is its built-in gains tax in 2021?

c. Assume the original facts, except the land was valued at $154,000 instead of $127,000. What is Tempe Corporations built-in gains tax in 2021?