Violet Corporation has 400 shares of stock outstanding. Alice owns 160 of these shares, and unrelated individuals own the remaining 240 shares. Violet redeems 40 of Alice's shares for $160,000. In the year of the redemption, Violet has $190,000 of paid-in capital and $280,000 of E\&P. Requirements a. How does the redemption affect Violet's E\&P balance if the redemption qualifies for sale treatment? b. How does the redemption affect Violet's E\&P balance if the redemption does not qualify for sale treatment? Requirements a and b. How does the redemption affect Violet's E\&P balance if the redemption qualifies for sale treatment and if the redemption does not qualify for sale treatement? (If an input field is not used, leave the input field empty. Do not select a label or enter a zero.)