Five shareholders each contribute $$10,000$ in exchange for a $20\%$ interest in corporate stock of FIU Corporation. Fifteen years later, FIU Corp. enters into a plan of complete liquidation. Under the plan, FIU Corporation sells the $$30,000$ of assets for cash $($basis of $$50,000$ and a FMV of $$30,000).$ FIU Corp. and then distributes the cash to the shareholders?What are the tax consequences to the shareholders of FIU Corporation?Each will report a $$4,000$ capital gain.The shareholders each will take a $$6,000$ carryover basis in the assets receivedSubsequent distribution of the cash would be taxable to the shareholders under Section $331$All of the aboveNone of the above