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Julio Inc. is a 25% shareholder in Gray Corporation and is subject to a 21% tax rate. It acquired 2,000 shares of stock in Gray Corporation seven years ago at a cost of $50 per share. In the current year, Julio Inc. received a payment of $150,000 from Gray Corporation in exchange for 1,000 of its shares in Gray. Gray has E & P of $1,000,000. Julio Inc. has a capital loss carryover of $50,000 in the current tax year. It has no other capital gain transactions during the year. What amount of the capital loss may Julio Inc. deduct in the current year in the following situations? What is the tax liability associated with the payment? If an amount is zero, enter "0". a. The $150,000 payment from Gray Corporation is a qualifying stock redemption for tax purposes. The corporation could offset $ of capital loss carryover. The related tax liability is $ b. The $150,000 payment from Gray Corporation does not qualify as a stock redemption for tax purposes. The corporation could deduct $ of the capital loss carryover. The related tax liability is $