Abigail Adams, a calendar-year individual taxpayer, is a 10

Abigail Adams, a calendar-year individual taxpayer, is a 10 percent owner in Acme Company. In Year 1, Abigail received a liquidating distribution from Acme Company. Information about the asset distributed to Abigail, Abigail’s basis in her ownership interest immediately before the distribution, and Acme Company’s total liabilities at the time of the liquidating distribution is provided in the exhibit above.

Using the information provided in the exhibit, calculate the amount of gain or loss recognized by Acme Company and Abigail (including flow-through income or losses, if applicable), and Abigail’s basis in the asset distributed, assuming that Acme Company is: 1) a C corporation; 2) an S corporation; 3) a general partnership; and 4) a limited liability company (LLC). Enter the appropriate amounts in the table below. Enter gains as positive values and losses as negative values. If the amount is zero, enter a zero (0).