Anna$,$ Brian$,$ Colette$,$ the ABC $$Partnership$,$ Gromley $$Corporation$,$ and the Clark Family Trust own shares of Watson Corporation's single class of stock as$$ follows: Shareholder: Anna Shares Held: $260$ Adjusted Basis: $46,800.$ Shareholder: Brian $($Anna$\text{'}$s brother$)$ Shares Held: $460$ Adjusted Basis: $78,200.$ Shareholder: Colette $($Anna$\text{'}$s daughter$)$ Shares Held: $60$ Adjusted Basis: $13,200.$ Shareholder: ABC Partnership Shares Held: $160$ Adjusted Basis: $33,600.$ Shareholder: Gromley Corporation Shares Held: $560$ Adjusted Basis: $106,400.$ Shareholder: Clark Family Trust Shares Held: $260$ Adjusted Basis: $39,000.$ The Watson shareholders have owned their shares for more than one year. The partners of the ABC Partnership have the following interests in the$$ partnership: Anna $40\%,$ Brian $30\%,$ and Colette $30\%.$ The shareholders of Gromley Corporation own shares as$$ follows: Anna $10\%,$ Brian $60\%,$ and Colette $30\%.$ The equal beneficiaries of the Clark Family Trust are Drew $($Anna$\text{'}$s $$grandson$)$ and Emmett $($Brian$\text{'}$s $$grandson$).$ Anna is considering having Watson redeem some of her Watson shares in exchange for cash. On the day of the planned$$ redemption, Watson will have $$40,000$ of current earnings and profits$($E&P$)$ and $$140,000$ of prior accumulated$$ E&P$.$ Determine the tax consequences of the following two independent transactions to Anna and Watson Corporation.

a$.$ Watson redeems $50$ shares of its stock from Anna in exchange for $$115,000.$

b$.$ Watson redeems $240$ shares of its stock from Anna in exchange for $$120,000.$