Sopra Company is a closely-held corporation. Tony owns \(60 \%\), Carmella owns \(20 \%\) and Meadow owns \(20 \%\), and all are related. Sopra Company has very large \(E \& P\). It was audited this year by the IRS and several issues were identified. Indicate the potential tax consequences of each issue.

a. Tony sold property held as a capital asset to Sopra Company for \(\$ 400,000\) when its \(F M V\) was \(\$ 300,000\).

b. Sopra Company paid Meadow a salary of \(\$ 200,000\) but the IRS determines that \(\$ 60,000\) was unreasonable.

c. Sopra Company lent Carmella \(\$ 100,000\) four years ago. Carmella has not paid any interest nor has she repaid any part of the loan.

d. Tony leases property to Sopra Company for \(\$ 400,000\) per year. Normal rental value is \(\$ 200,000\) per year.