W Corp. owns 90% of B Corp. The remaining 10% is owned by unrelated parties. In a Sect. 332 qualified liquidation, B Corp. distributes property to W Corp. with a fair market value of $80,000(basis $30,000). B Corp. also distributed property to the minority shareholders with a fair market value of $11,000 (basis $9,000). a) How much gain or loss does B Corp. recognize? b) How much gain or loss do the minority shareholders recognize?