When Gail dies, she owns 100% of the stock of an S corporation, with an adjusted basis of $10,000 and FMV of $100,000. The adjusted basis and FMV of the assets inside the S corporation are the same amounts as for Gail's stock. Gail's son Phil inherits all of the stock, but does not wish to continue the business. Therefore, the S corporation sells the assets, resulting in a $90,000 capital gain, and liquidates. Assuming that Phil is subject to a marginal tax rate of 30%, what taxes are due? (Points : 5) $0. $25,000. $27,000. $30,000