Tempe Corporation is a calendar-year corporation. At the beginning of 2022, its election to be taxed as an S corporation became effective. Tempe Corporation's balance sheet at the end of 2021 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 $ 27,000 $ 27,000 Accounts receivable 44,200 44,200 Inventory 188,000 242,000 Land 178,000 134,000 Totals $ 437,200 $ 447,200 Tempe Corporation's business income for the year was $47,000 (this would have been its taxable income if it were a C corporation). During 2022, Tempe Corporation sold all of the inventory it owned at the beginning of the year for $266,000.

a. What is its built-in gains tax in 2022?

b. Assume the original facts, except that if Tempe Corporation were a C corporation, its taxable income would have been $9,800. What is its built-in gains tax in 2022?

c. Assume the original facts, except the land was valued at $168,000 instead of $134,000. What is Tempe Corporation's built-in gains tax in 2022?