Tempe Corporation is a calendar-year corporation. At the beginning of 2019, its election to be taxed as an S corporatio became effective. Tempe Corp.'s balance sheet at the end of 2018 reflected the following assets it did not have any earnings and profits from its prior years as a C corporation): Asset Cash Accounts receivable Inventory Land Totals Adjusted Basis FMV $ 22,000 $ 22,000 41,200 41,200 168,000 212,000 158,000 124,000 $389,200 $ 399, 200 Tempe Corp.'s business income for the year was $42,000 (this would have been its taxable income if it were a C corporation). During 2019, Tempe Corp. sold all of the inventory it owned at the beginning of the year for $226,000. a. What is its built-in gains tax in 2019? Built-in gains tax b. Assume the original facts except that if Tempe Corp. were a C corporation, its taxable income would have been $7,800. What is its built-in gains tax in 2019? Built-in gains tax c. Assume the original facts except that the land was valued at $148,000 instead of $124,000. What is Tempe Corp's built-in gains tax in 2019? Built-in gains tax