The balance sheet of X Corporation shows the following:

100.000 150.000 150.000 125.000 300.000 33 5.000 All of the stock is owned by A. Her basis is $200,000. 1. Calculate the gain or loss to X Corporation if X Corporation liquidates and distributes all of its assets to A. 2. Calculate the gain or loss to A on the liquidation in Question 1. 3. Calculate the recognized gain or loss to X Corporation if, after adopting a plan of liquidation, it sells all of its assets for their fair market values and distributes the proceeds. 4. Calculate the gain to A following the transaction in Question 3. 5. Y Corporation purchases the stock from A for $335,000. Y Corporation made a 338 election. Assume a corporate tax rate of 30 percent. How much gain or loss is recognized and what are the bases of the assets