Which of the following statements regarding E&P of a liquidating corporation is incorrect? a. The character of an individual shareholders gain does not depend on the E&P of the liquidating corporation. b. The E&P of the liquidating corporation is not reduced by the amount distributed in liquidation. c. When a subsidiary is liquidated into its parent, the subsidiarys E&P is extinguished. d. The process of liquidating may increase the E&P of the liquidating corporation