Merten Corp. is \(100 \%\) owned by Carmen. Merten owns one asset, a building worth \(\$ 550,000\) with a \(\$ 90,000\) basis. Carmen's stock basis is \(\$ 150,000\). A plan of complete liquidation is adopted. What are the tax consequences to both parties in each of the following independent cases?

a. The building is deeded to Carmen, who is taxed under Code Sec. 331.

b. The building is sold for an installment note that is distributed to Carmen.

c. Merten sells the building and presents a cashier's check for \(\$ 100,000\) to Carmen.

d. The building is deeded to Carmen Corp., in a Code Sec. 332 liquidation.