Exercise 20-12 (Algorithmic) (LO. 1) Sunset Corporation, with E & P of $408,000, makes a cash distribution of $122,400 to a shareholder. The shareholder's basis in the Sunset stock involved is $48,960. a. Determine the tax consequences to the shareholder if the distribution is a nonqualified stock redemption The shareholder has of $ b. Determine the tax consequences to the shareholder if the distribution is a qualifying stock redemption. The shareholder has of s c. Determine the tax consequences to the shareholder if the distribution is pursuant to a complete liquidation of Sunset The shareholder has of $