Do not copy paste the answers avaliable.Use the assumptions below to answer the question

Assumptions:
Use a flat corporate tax rate of 21% for all problems. For individuals assume a tax rate of 15% for all dividends and capital gains.
Assume there is no Alternative Minimum Tax for these problems.
Assume that all entities are US domestic corporations, taxed under Subchapter C of the IRC unless otherwise noted.
the internal revenue code.

Cassie is a stockholder in Witch Corporation. On January 1, 2020, her ownership was:
Shares:		1,000
Basis		200,000
Acquisition Date:		1/01/2010
On April 1, 2020, Witch Corporation was trading at $				500	per share. On that date it issued
a one for one stock warrant to all shareholders (one warrant was issued for each share owned).
The warrants were issued proportionately to all common stockholders. The warrants gave
the holder the right to purchase stock in Witch Corporation at $					400	per share at any time
in the next six months.
a)	What are the tax consequences to Cassie as a result of the April 1 warrant issuance?
b)	What are the tax consequences to Cassie if she sells 500 warrants on June 1, 2020 for $100 per warrant?
c)	What are the tax consequences to Cassie if she exercises all the warrants on August 1, 2020?
d)	What are the tax consequences to Cassie if she allows the warrants to expire on December 1, 2020.
e)	Would your answers for a) - d) change if the warrants instead allowed shareholder to purchase
	stock at $450 per share (absent any elections to the contrary)? If so, how (show all your
	calculations) ?