THV $ $10,00015,000100,000225,000$ $ $350,000$ Cash Receivables Building Land Total Adjusted Tax Basis Appreciation $ $10,00015,00050,00050,00075,000150,000$ $ $150,000$ $ $200,0001013515112,000$ eBook Payables $ $18,000$ $ $18,000$ Mortgages $112\mathrm{.}000$ Total $ $130,000$ $ $130,000*$ The mortgage is attached to the building and land. Ernesto was asking for $$400,000$ for the company. His tax basis in the BLI stock was $$100,000.$ Included in the sales price was an unrecognized customer list valued at $$100,000.$ The unallocated portion of the purchase price $($$$80,000)$ will be recorded as goodwill Assume Ernesto agrees to sell his stock in BLI to Amy and Brian for $$400,000$ Print ferences a$.$ What amount of gain or loss does Bul recognize if the transaction is structured as a stock sale to Amy and Brian? What amount of corporate$-$level tax does BLI pay as a result of the transaction Gain or loss recognized Corporate$-$level tax JIZ $1$ LIVE TONUWHY WHOITOUH OPIE IU me vuesuunis urspidyeu Deluw Amy and Brian were investigating the acquisition of a tax accounting business, Bottom Line Incorporated $($BLI$).$ As part of thelr discussions with the sole shareholder of the corporation, Ernesto Young, they examined the company's tax accounting balance sheet. The relevant information is summarized as follows: $($Leave no answer blank. Enter zero if applicable. Negative amounts should be indicated by a minus sign.$)$ Adjusted Tax FMV Bania Appreciation Cash $ $10,000$ $ $10,000$ Receivables $15,00015,000$ Building $100,00050,00050\mathrm{.}000225,00075,000150,000$ Total $ $350,000$ $ $150,000$ $ $200,000$ Land Payables Mortgage Total $ $18,000112,000$ $ $130,000$ $ $18,000112\mathrm{.}000$ $ $130,000$ The mortgage is attached to the building and land. Ernesto was asking for $$400,000$ for the company. His tax basis in the BLI stock was $$100,000.$ Included in the sales price was an unrecognized customer list valued at $$100,000.$ The unallocated portion of the purchase price $($$$80,000)$ will be recorded as goodwill. Assume Emesto agrees to sell his stock in Bul to Amy and Brian for $$400,000,$