Toolson Enterprises is owned by Andy, Brian and Cherie equally for all of 2018. Toolson owns a piece of real estate that has increased in value substantially since it was acquired. The property is no longer needed for business operations and Toolson wants to distribute the property instead of cash to Andy. If the property has a basis of $20,000 to Toolson and has a current value of $45,000 what is the tax effect on Toolson, Andy, Brian and Cherie of this distribution if: a. Toolson is a partnership b. Toolson is a C corporation c. Toolson is an S corporation