Tiger Trax Corporation is a very profitable company. It is owned equally by Gloria, Jeff, and Kevin. Gloria and Kevin decide that they would like to buy all of Jeffs stock, and Jeff agrees to the purchase. Gloria and Kevin agree to pay $150,000 for the stock, with $50,000 of cash paid immediately and the rest of the $100,000 in the form of a promissory demand note guaranteed by Tiger Trax Corporation. A few days after the note was signed, Jeff demands payment on the note. Tiger Trax Corporation, rather than Gloria and Kevin, paid the note to Jeff. Prepare a tax memorandum that discusses the tax consequences of these activities. Follow the format for the tax research memo as shown in Exhibit 10-2, Pages 352-353 of your textbook with the following modifications: In place of the CPA firm info before the Facts section, put your group number and member names. You can ignore the Actions to be Taken section at the bottom of the memo. Your solution should be typed on no more than three (3) standard letter-sized pages, with one-half (1/2) inch margins. Make sure to citate your authorities properly.