Exercise 19-30 (Algorithmic) (1LO.8 ) During the current year, Gnatcatcher, Inc., ( E \& P of $1,100,000 ) distributed $475,000 each to Brandi and Yuen in redemption of some of their Gnatcatcher stock. The two shareholders acquired their shares five years ago. Each shareholder is in the 32% tax bracket, and each had a $118,750 basis in the redeemed stock. Assume taxpayers in the 32% tax bracket are subject to the long-term capital gains and qualified dividends tax rate of 15% If required, round your answers to nearest dollar. a. Assume that the distribution to Brandi is a qualifying stock redemption. The distribution is taxed as a and Brandi's tax liability is 5 b. Assume that the distribution to Yuen is a nonqualified stock redemption. The distribution is taxed a and Yuen's tax liability is