Zit corp mkes a cream that removes zits. It has long term bonds outstanding as well as common and preferred stock. Individual Aldo owns a $1,000 (adjusted basis $1,000) that pays interest at 6% and also, owns 400 shares of common stock (adjusted basis $10,000). What are the tax consequences to Aldo if he engages in the following independent transactions(treat each transaction as if it were the only transaction) pursuant to a plan adopted the company that allows these transactions.

a.) Aldo exchanges his bond for 100 shares of common stock

b.) Aldo exchanges his original 400 shares of commonn stock for 200 shares of Preferred stock

c.) Aldo exchamges his 400 shares of common stock (worth $100,000) for a $100,000 bond pying interest at 6%